Examlex

Solved

Within an Occupation, When a Given Job Provides Steadier Work

question 82

Multiple Choice

Within an occupation, when a given job provides steadier work (fewer layoffs) , the hourly wage tends to be


Definitions:

Minimum Wage

The lowest remuneration that employers can legally pay their workers, a rate which is set by government legislation.

Unemployment Rate

The segment of the labor force currently without employment but making efforts to find work.

Inflation Rate

The percentage increase in the general level of prices for goods and services in an economy over a period of time.

Aggregate Supply

The aggregate amount of products and services created in an economy at a specific price level during a particular time frame.

Related Questions