If, Over Time, a Greater Proportion of the Labor Force

question 119

True/False

If, over time, a greater proportion of the labor force is comprised of middle-aged individuals, one would expect the natural rate of unemployment to rise.

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Definitions:

Expectancy Theory

A psychological theory suggesting that people are motivated to engage in behaviors based on the expected outcomes and the value they place on those outcomes.

Motivate

To motivate means to inspire, encourage, and stimulate individuals or groups to pursue goals, improve performance, or engage in specific behaviors through various strategies and incentives.

Designated Goals

Specific, predetermined objectives that an individual or organization aims to achieve within a certain timeframe.

Expectancy Theory

A motivational theory positing that individuals are motivated to act in a certain way based on the expectation that their actions will lead to a desired outcome.