An Increase in the Time Spent on Job Search

question 68

Multiple Choice

An increase in the time spent on job search

• A)decreases the unemployment rate.
• B)decreases potential GDP.
• C)decreases the labor force participation rate.
• D)decreases the demand for labor.
• E)decreases the real wage rate.

Identify factors that can cause shifts in supply and demand curves.

Analyze the impact of cost changes on supply and demand.

Understand the concept of market equilibrium and how it is achieved.

Analyze the effects of government policies on market supply and demand.

---

Definitions:

Physical Environment

The physical environment encompasses all the physical and material surroundings, including natural landscapes and built environments, that can influence behavior and well-being.

Social Environment

The surrounding of an individual that includes social relationships, culture, and institutions that influence their life and development.

W.Lloyd Warner

an American sociologist known for his studies on social class structure and societal organization.

Collectivistic Cultures

Cultures that prioritize the group over the individual, emphasizing interdependence, family values, and social harmony.