Full Employment in the U.S.economy Means That

question 8

Multiple Choice

Full employment in the U.S.economy means that

• A)Frictional unemployment has been reduced to zero.
• B)The total unemployment rate has been reduced to zero.
• C)The economy has reached the lowest level of unemployment compatible with price stability.
• D)Structural unemployment has reached its minimum as a result of increased spending,and the economy is moving toward the peak of the business cycle.

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Definitions:

More Responsibility

Refers to the additional duties or tasks assigned to an individual, often indicating trust and confidence in their capabilities.

Job Enlargement

The process of adding more tasks or responsibilities to an employee's role in order to increase job diversity and employee satisfaction.

Unions

Organizations that represent the collective interests of workers in negotiations with employers regarding wages, work conditions, and benefits.

Job Enrichment

The process of making a job more satisfying and engaging through adding duties that involve different skills or increasing levels of responsibility.