During an Recession, the Duration of Unemployment ________ and the Unemployment

question 275

Multiple Choice

During an recession, the duration of unemployment ________ and the unemployment rate is ________ the natural rate of unemployment.

• A)lengthens; greater than
• B)lengthens; less than
• C)shortens; greater than
• D)shortens; equal to
• E)does not change; equal to

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Definitions:

Services

Intangible products such as maintenance, repair, advice, or entertainment that are consumed at the point of delivery.

Shortest Processing Time

A rule used in scheduling to prioritize tasks based on the least amount of time required to complete each task, aiming to reduce job completion time and minimize work-in-process inventory.

Average Flow Time

The average time that it takes for a unit to pass through a particular process or system from start to finish.

Johnson's Rule

A scheduling technique that minimizes the total elapsed time required to complete a group of jobs on two machines or in two process stages.