Which of the Following About Unemployment Is True

question 156

Multiple Choice

Which of the following about unemployment is true?

• A) The unemployment rates of the major European economies were substantially lower than in the United States during the last decade.
• B) High unemployment rates over lengthy time periods are indicative of structural and regulatory factors that are exerting an adverse impact on the natural rate of unemployment.
• C) The natural rate of unemployment is unaffected by changes in the age composition of the labor force (for example, an increase in the relative number of youthful workers).
• D) Institutional changes such as an increase in the minimum wage may increase cyclical unemployment but will not affect the natural rate of unemployment.

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Definitions:

Long-Term Orientation

A cultural dimension that reflects a society's attitude towards time, emphasizing the importance of future rewards over immediate results.

Culture

The collective behaviors, values, practices, beliefs, and attitudes that characterize an organization or group.

Trainees

Individuals who are undergoing training to acquire new skills or improve existing ones, often within a professional context.

Cross-Cultural Training

Educational programs designed to inform and prepare individuals for effective interaction and work in different cultural settings.