Suppose a school needs to hire two new teachers but there are 20 recent college graduates hoping to get the teaching job at the school what is an example of job surplus job shortage economy expectation
In this scenario, there would be a job surplus as there are 20 recent college graduates vying for only two teaching positions. This means that there are more potential candidates than available jobs, creating a surplus of labor. The economy expectation would be that there would be a highly competitive job market for these teaching positions, with many qualified candidates competing for a limited number of openings.
