Which of the Following Would Decrease the Unemployment Rate

question 66

Multiple Choice

Which of the following would decrease the unemployment rate?

• A)an increase in the minimum wage
• B)an increase in the efficiency wage
• C)an increase in labor union membership
• D)government aid to retrain unemployed workers

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Definitions:

Treasury Bond

A long-term, fixed-interest U.S. government debt security with a maturity of more than ten years.

Ask Price

The lowest price a seller is willing to accept for a security.

SONIA

Sterling Overnight Index Average, an interest rate benchmark that represents the average of interest rates paid on overnight unsecured loans in the British sterling market.

LIBOR

The London Interbank Offered Rate, an interest rate average calculated from estimates submitted by the leading banks in London, used as a reference rate for lending and borrowing between banks.