Other Things Being Equal,improvements in the Efficiency of Labour Markets

question 62

Multiple Choice

Other things being equal,improvements in the efficiency of labour markets that make it easier for firms to advertise prospective jobs and which reduce the effort of workers to search for jobs will

• A)decrease cyclical unemployment.
• B)decrease frictional unemployment.
• C)increase frictional unemployment.
• D)increase structural unemployment.
• E)increase NAIRU.

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Definitions:

Exponential Growth

Rapid increase in a quantity where the rate of growth is proportional to the current size, leading to ever-larger increases over time.

Carrying Capacity

The maximum population size that an environment can sustain indefinitely, given the food, habitat, water, and other necessities available in the environment.

Molecules

The smallest unit of a chemical compound that can exist, consisting of two or more atoms bonded together.

Compounds

Substances formed from two or more chemical elements that are chemically bonded together, resulting in new properties distinct from those elements alone.