Two Possible Explanations for the Decline in the Natural Rate

question 16

Multiple Choice

Two possible explanations for the decline in the natural rate of unemployment in the United States over the past twenty years are:

• A) the changing age structure of the population and more efficient labor markets.
• B) advances in computer technology and globalization.
• C) increasing wage inequality and skill-biased technological change.
• D) greater quantities of human capital and increased average labor productivity.

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Definitions:

Keeping Up Morale

The act of maintaining or improving the confidence, enthusiasm, and discipline of a group or individual, especially in challenging situations.

Communicating A Vision

The process of articulating and spreading a clear, compelling picture of a future state or goal to inspire others.

Transformational Leadership

The elevation of the potential of followers beyond previous expectations; the ability to raise aspirations and achievements to new levels of performance primarily as a result of the intelligence, charm, and talents of a charismatic leader.

Assessment Instrument

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