When the Growth Rate of the Labour Force Is Less

question 107

Multiple Choice

When the growth rate of the labour force is less than the growth rate of total employment,the unemployment rate

• A)decreases.
• B)increases.
• C)is below NAIRU.
• D)is above NAIRU.
• E)is equal to NAIRU.

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Definitions:

Service Station

A facility dedicated to the sale of gasoline and often providing maintenance and repair services for vehicles.

Customer Value

The satisfaction a customer derives from a product or service in comparison to its cost, influencing loyalty and purchase decisions.

Product

Any item or service offered for sale or use, often as a result of a manufacturing or production process.

Utility

A term in economics referring to the total satisfaction received from consuming a good or service.