Suppose That There Are 1 Million Unemployed Workers Seeking Jobs

question 23

Multiple Choice

Suppose that there are 1 million unemployed workers seeking jobs.After a period of time,100,000 of them become discouraged over their job prospects and cease looking for work.As a result,the official unemployment rate would:

• A)increase in the short run, but eventually decrease
• B)increase
• C)decrease
• D)remain unchanged
• E)remain unchanged in the short run, but eventually decrease

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Definitions:

Strategic Contingencies

Critical events or factors that significantly influence the success of strategies or decision-making processes within organizations.

Source Of Uncertainty

Any factor or condition that creates doubt or ambiguity in decision-making or planning.

Defensive Behaviour

Actions or reactions aimed at protecting oneself from perceived threats, criticism, or blame, often at the expense of productive communication.

Overconforming

Exceeding the norms or standards in a given context, often to garner approval or prevent criticism.