-Based on the Data in the Table Above, at the Short-Run

question 154

Multiple Choice

-Based on the data in the table above, at the short-run equilibrium

• A) the unemployment rate is less than the natural unemployment rate.
• B) the unemployment rate is greater than the natural unemployment rate.
• C) the money wage rate will rise in the long run.
• D) the economy is at full employment.

---

Definitions:

Successful Aging

A concept involving maintaining physical health, cognitive function, and social engagement in older adulthood.

Disengagement Theory

A theory proposing that aging individuals and society gradually withdraw from each other, to the mutual benefit of both.

Current Trends

The general direction in which something is developing or changing, often used to describe shifts in markets, technology, or social behaviors.

Selective Optimization

A strategy that involves focusing on and improving one's strengths while compensating for weaknesses, often used in the context of aging and development.