When an Employee Works Eighty Hours Over Nine Days and Takes

question 105

Multiple Choice

When an employee works eighty hours over nine days and takes one day off every other week,the employee's work schedule is known as a(n) :

• A)compressed workweek.
• B)enriched workweek.
• C)flextime arrangement.
• D)adaptable schedule.

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Definitions:

Automatic Stabilizer

Economic policies and programs, such as unemployment benefits and taxation, that automatically adjust to counteract economic fluctuations without direct intervention by policymakers.

Crowding-out

A situation where increased public sector spending leads to a reduction in private sector spending.

Accelerator Effect

Refers to the phenomenon where an increase in national income results in a proportionally larger increase in investment spending due to expected higher demand for products.

Aggregate Demand

The sum of all demands for products and services in an economy, set at a particular price level and time period.