When Aggregate Output Is Less Than Potential Output, the Unemployment

question 33

Multiple Choice

When aggregate output is less than potential output, the unemployment rate the NAIRU.

• A)rises above
• B)rises toward but never exceeds
• C)falls below
• D)is equal to
• E)falls toward

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Definitions:

Rewards

Benefits or compensations given to employees as a form of recognition for their contributions or achievements.

Expectancy Model

A theory in psychology that explains the processes that individuals undergo to make decisions based on expected outcomes and their perceived likelihood.

Motivation

The psychological process that stimulates an individual to act towards achieving a goal.

Job Rotation

The process of moving employees through a variety of jobs to increase interest and motivation.