Which of the Following Has a Tendency to Raise the Unemployment

question 143

Multiple Choice

Which of the following has a tendency to raise the unemployment rate?

• A)implementing a minimum wage in an economy
• B)reducing unemployment insurance in an economy
• C)offering wages at the market-clearing rate
• D)reducing labour unions' membership in an economy
• E)introducing programs that retrain workers displaced by technological change

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Definitions:

Variables

Elements, characteristics, or conditions that can change or vary in a study or experiment, affecting the results in some way.

Rain

Precipitation in the form of water droplets that fall from clouds in the Earth's atmosphere.

Least Squares Regression

A method that determines the best-fitting line or curve by minimizing the sum of squares of the residuals.

Scatter Diagram

A graphical depiction used to visualize the relationship between two numerical variables, showing their pattern of correlation.