Examlex
Which of the following statements is TRUE?
Bureau of Labor Statistics
A U.S. government agency responsible for collecting and reporting data on employment, labor market activity, working conditions, and price changes.
Average Workweek
The average number of hours worked per week by employees in a specific sector or economy.
Natural Rate
The long-term rate of unemployment around which the job market is in balance, where all those willing to work at prevailing wage rates can find employment.
Policymakers
Individuals or groups responsible for making decisions and creating policies for political, economic, or social systems.
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