Suppose an economy is suffering from unemployment due to wages

QUESTION

I am having difficulty answering this question. I asked before, but the tutor who responded gave it back to me in an attachment that when I downloaded, I could not read it. Please answer and give it to me in a way that I can read the graph and answers!! Thank youSuppose an economy is suffering from unemployment due to wages that are “too high” as theorized by classical economics.Draw and label a graph illustrating this case where the going wage is $20, the equilibrium wage is $15, 50 million people want to work but only 30 million are employed.Explain the underlying assumptions that create the scenario depicted in a.

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