When the Unemployment Rate Is Low, There Are Fewer Qualified

question 38

True/False

When the unemployment rate is low, there are fewer qualified workers looking for jobs. This labor market condition may encourage companies to raise wages in order to recruit or retain employees.

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Definitions:

Photometer

An instrument used to measure the intensity of light or optical properties of solutions.

Light Intensity

The measure of brightness of a source of light, potentially affecting mood, health, and the ability to perform tasks.

Analytic Laboratory Equipment

Tools and devices used in a laboratory setting to perform analysis and research on samples.

Physician's Office Laboratory

A lab located within a doctor's office where various diagnostic tests can be performed on-site for convenience.