The Decline in the Natural Rate of Unemployment Between the 1970s

question 52

Multiple Choice

The decline in the natural rate of unemployment between the 1970s and the 2000s might be the result of:

• A)the changing age structure of the population and more efficient labor markets.
• B)advances in computer technology and globalization.
• C)increasing wage inequality and skill-biased technological change.
• D)greater quantities of human capital and increased average labor productivity.

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Definitions:

Sedentary Lifestyle

A lifestyle characterized by a lot of sitting or lying down with minimal physical activity.

Child Safety Seats

Specially designed seats for vehicles that protect infants and young children during transport.

Public Policies

Principles and actions taken by governments to address public issues, ranging from health and safety to economic growth.

Health Care

A broad field involving the provision of medical services to prevent, treat, and manage illness, as well as to preserve mental and physical well-being through the services offered by the medical, nursing, and allied health professions.