Holding All Else Constant,if People Who Are Currently Discouraged Workers

question 71

Multiple Choice

Holding all else constant,if people who are currently discouraged workers decide to start looking for jobs again,you will see

• A) an increase in the unemployment rate.
• B) a decrease in the unemployment rate.
• C) no effect on the unemployment rate.
• D) no effect on the labor force participation rate.
• E) a decrease in the labor force participation rate.

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Definitions:

Normal Capacity Hours

A calculation of the maximum amount of work that an organization can complete in a given period under normal conditions.

Standard Hours Allowed

The estimated amount of time that should be required to complete a specific amount of work under normal conditions.

Overhead Volume Variance

The difference between the budgeted and actual overhead costs attributable to a change in production volume.

Direct Labor Hours

The total hours worked by employees directly involved in the manufacturing process or production of goods.