What Does the Phrase "Jobless Recovery" Refer To

question 2

Multiple Choice

What does the phrase "jobless recovery" refer to?

• A) It refers to a situation where an economy is moving out of a recession without a significant increase in employment.
• B) It refers to a situation in which rising productivity has made it possible for firms to reduce their workforce and increase output at the same time.
• C) It refers to the phenomenon where U.S. firms move their production abroad, thereby destroying jobs in the domestic market and creating new jobs in foreign markets.
• D) It refers to a situation in which a worker's real wage falls despite increases in productivity.

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Definitions:

Nitrogen

A chemical element with symbol N and atomic number 7, essential to all living organisms as a constituent of proteins and nucleic acids.

Essential Elements

Nutrients required for organisms to survive and reproduce, that cannot be synthesized internally and must be obtained from the environment.

Leaf

A flattened structure of a higher plant, typically green and blade-like, that is attached to a stem directly or via a stalk. Leaves are the main organs of photosynthesis and transpiration.

Guttation

The exudation of droplets of water from the pores of plants, typically occurring at night when root pressure is high and transpiration is low.