Assume an Economy Experiences,for a Given Period,a 4% Increase in Output

question 49

Multiple Choice

Assume an economy experiences,for a given period,a 4% increase in output and a 2% increase in productivity.Given this information,we know that which of the following occurred for this economy during this period?

• A)The unemployment rate increased during this period.
• B)The unemployment rate decreased during this period.
• C)The unemployment rate did not change during this period.
• D)The effects on the unemployment rate are ambiguous.
• E) none of the above

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Definitions:

Decision Control

Decision control refers to the extent to which individuals have the ability to make choices regarding their actions or outcomes in various situations.

Full-Time Workweek

The standard period of work, often defined as working 35-40 hours or more per week, in a professional setting.

Higher Levels

Referring to advanced stages or degrees of a particular quality, condition, or process.

Management

The process of planning, organizing, leading, and controlling resources effectively to achieve specific goals and objectives.