Which of the Following Statements Is NOT True About the Labour

question 140

Multiple Choice

Which of the following statements is NOT true about the labour market during economic fluctuations?

• A) The unemployment rate rises during recessions.
• B) The unemployment rate drops during expansions.
• C) The part of unemployment that is associated with recessions is called recessional unemployment.
• D) Real wages grow slowly or decline during recessions.
• E) Workers are less likely to receive promotions during recessions.

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Definitions:

Ratification

The official approval of a contract or agreement, making it valid and enforceable.

Exceeded Authority

Acting beyond the powers or rights granted by a legal or organizational authority, potentially leading to unauthorized or invalid actions.

Apparent Authority

A situation where a person appears to have been given the power by a company or another person to act on their behalf, even if no actual authority was granted.

Disclosed Principal

A situation in a business arrangement where the identity of the principal is known to all parties involved in the transaction.