Use the Figure Below to Answer the Following Question(s)

question 126

Multiple Choice

Use the figure below to answer the following question(s) .
Figure 9-2
-Which of the following is true for the economy depicted in Figure 9-2?

• A)Potential output exceeds y₁.
• B)When output y₁ is achieved, the actual rate of unemployment will exceed the natural rate of unemployment.
• C)When output y₁ is achieved, the actual rate of unemployment will be less than the natural rate of unemployment.
• D)When output y₁ is achieved, the actual rate of unemployment will equal the economy's natural rate of unemployment.

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Definitions:

Telecommuting

A work arrangement in which employees do not commute to a central place of work but instead use telecommunications technologies to work from remote locations, often their homes.

Alternative Work Arrangements

Employment setups that differ from the traditional 9-to-5, onsite job, including telecommuting, part-time work, flexible schedules, and freelance contracts.

Compressed Workweek

An alternative work schedule that allows an employee to work a full-time job in fewer than the traditional five days.

Job Shadowing

A career exploration activity where an individual learns about a job by walking through the work day as a shadow to a competent worker.