Refer to the Following Diagram

question 37

Multiple Choice

refer to the following diagram:

-Which one of the following would reduce the unemployment rate while leaving the size of the labor force unchanged?

• A)An increase in flow 1
• B)An increase in flow 2
• C)An increase in flow 3
• D)An increase in flow 6

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Definitions:

General Liability Insurance

General Liability Insurance is a type of insurance policy that provides cover to a business for bodily injury, personal injury, and property damage caused by the business’s operations, products, or injuries that occur on the business’s premises.

Adjusting Journal Entry

An entry in accounting that is made at the end of an accounting period to record any unrecognized income or expenses for the period.

Asset

An item of value owned by an individual or corporation that is expected to provide future economic benefits.

Adjusting Entry

A journal entry made in accounting records to update the book values of certain assets or liabilities to their correct amounts.