In Equilibrium,an Decrease in Matching Efficiency

question 46

Multiple Choice

In equilibrium,an decrease in matching efficiency

• A) increases the unemployment rate and vacancies are constant.
• B) increases the unemployment rate and vacancies increase.
• C) decreases the unemployment rate and vacancies are constant.
• D) decreases the unemployment rate and vacancies increase.
• E) increases the unemployment rate and vacancies decrease.

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Definitions:

Authority

The rightful power or permission to act, make decisions, or enforce obedience.

Dangerously Incompetent

Describes an individual whose lack of skill, knowledge, or ability presents a significant risk of harm to others.

Nonemployee Agent

An individual or entity who acts on behalf of another, but is not considered an employee.

Principal's Liability

Principal's liability is a legal concept where the principal (employer) is held responsible for the actions of their agents or employees performed within the scope of their employment.