Suppose That Unemployed Workers Searching to Replace Their Lost Jobs

question 45

Multiple Choice

Suppose that unemployed workers searching to replace their lost jobs become discouraged and so decide to temporarily give up the search.Such a decision

• A)increases the NAIRU.
• B)decreases the NAIRU.
• C)increases the official unemployment rate.
• D)decreases the official unemployment rate.
• E)has no effect on the official unemployment rate.

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Definitions:

Technological Progressiveness

The rate and extent to which technology within a company or economy advances, leading to efficiency gains and sometimes disrupting existing markets.

Scientific Character

The attribute of a process or method that is based on empirical evidence and adheres to principles of logical reasoning and objectivity.

Herfindahl Index

An economic measure of market concentration used to determine the level of competition within an industry, calculated by summing the squares of the market shares of all firms within the market.

Patentable

Refers to inventions that fulfill the criteria of being new, non-obvious, and useful, qualifying them for patent protection.