A Labour Surplus Exists When the Internal Supply of Employees

question 73

True/False

A labour surplus exists when the internal supply of employees exceeds the organization's demand.Most employers respond initially by terminating employment.

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Definitions:

Expansionary Monetary Policy

Refers to a monetary policy strategy used by central banks to increase the money supply and typically lower interest rates to stimulate economic growth.

Aggregate Expenditure

The combined total of all economic spending, covering individual consumption, investments made by companies, governmental acquisitions, and the net balance of trade.

Aggregate Demand

The total demand for all goods and services within an economy at a given overall price level and within a given time period.

Money Supply

The total fund of money available in an economy at a fixed point in time.