Which of the Following Will Most Likely Reduce the Natural

question 72

Multiple Choice

Which of the following will most likely reduce the natural rate of unemployment?

• A) an increase in the minimum wage
• B) an increase in unemployment benefits
• C) an increase in the proportion of prime-age workers (35-54) as a share of the labor force
• D) an increase in the labor force participation rate of teenagers

---

Definitions:

Idle Time

Periods when resources, such as machinery or labor, are available but not in use due to lack of work, setup, or maintenance.

Dispatching Rule

A guideline or algorithm used in scheduling to determine the sequence in which work orders should be processed in a manufacturing or service system.

Flow Time

The total time a product or a piece of work requires to move through a production process, from start to finish.

Work-In-Process

Inventory that includes materials that have been released for production but are not yet complete, representing a critical stage in manufacturing and costing processes.