Which of These Helps Explain Jobless Recoveries

question 110

Multiple Choice

Which of these helps explain jobless recoveries?

• A) U.S. productivity has been decreasing.
• B) Firms have been unwilling to hire temporary workers until they know the demand for their product has reached prerecession levels.
• C) Firms are not willing to pay for overtime until the demand for their product recovers.
• D) Increased technology has enabled companies to use fewer workers.

Comprehend the motivations behind elected officials' prioritization of certain issues.

Identify the roles of heads of government and their relationship to the administration.

Grasp the components of agency operations, including policies and direct service requirements.

Explain the concept of the iron triangle and its components.

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Definitions:

Opportunity Cost

The price paid by not choosing the second-best option when a decision is made or one choice is selected over another.

Production Possibilities Frontier

A picture that demonstrates all potential maximum outputs for two different goods, grounded on inputs including resources and more.

Descriptive Statement

A statement that describes how the world is, based on observable facts without inferring causation or prescribing actions.

Rent Control

Government policies or regulations that limit the rent landlords can charge tenants, aiming to make housing more affordable.