What Does the Phrase "Jobless Recovery" Refer To

question 2

Multiple Choice

What does the phrase "jobless recovery" refer to?

• A) It refers to a situation where an economy is moving out of a recession without a significant increase in employment.
• B) It refers to a situation in which rising productivity has made it possible for firms to reduce their workforce and increase output at the same time.
• C) It refers to the phenomenon where U.S. firms move their production abroad, thereby destroying jobs in the domestic market and creating new jobs in foreign markets.
• D) It refers to a situation in which a worker's real wage falls despite increases in productivity.

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Definitions:

Installment Notes

Financial instruments that require the issuer to make payments to the holder over a specified period, usually including both principal and interest.

Accrued Interest

The interest on a loan or bond that has accumulated since the principal investment, or last payment, and has yet to be paid.

Principal

The original sum of money borrowed in a loan or the initial amount of investment, excluding any interest or dividends.

Issue Price

The price at which new shares, bonds, or other securities are offered to the public or institutional investors for the first time.