The Macro Consequence of Unemployment Is

question 39

Multiple Choice

The macro consequence of unemployment is

• A)Lost output for the economy.
• B)Lost income for the individual worker.
• C)A leftward shift in the production possibilities curve.
• D)A 1 percent decrease in GDP for every 1 percent decrease in unemployment.

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Definitions:

Billboard

A large outdoor advertising structure (sign), typically found in high-traffic areas, displaying promotional or informative messages to the public.

Employee Referrals

A recruitment method where current employees recommend potential candidates for open positions within the organization, often rewarded with incentives.

Work Habits

The consistently practiced behaviors and routines by an individual at the workplace that contribute to their efficiency and effectiveness in job performance.

Campus Recruiting

The process by which companies visit colleges and universities to recruit students and recent graduates for employment opportunities, often through career fairs and interviews.