Examlex
An assembly line consists of 21 tasks grouped into 5 workstations.The sum of the 21 task times is 85 minutes.The largest assigned cycle time is 20 minutes.What is the efficiency of this line?
Job Search Effort
The time and resources that an individual devotes to finding employment.
Raises Unemployment
An action or event that leads to an increase in the number of unemployed individuals.
Frictional Unemployment
A form of unemployment that occurs when people are between jobs or are in the process of finding new jobs, usually reflecting short-term movement within the labor market.
Natural Rate
Often referred to as the natural rate of unemployment, indicating the level of unemployment expected in an economy without short-term cyclical fluctuations.
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