The Bulk of the Decline in the Natural Rate of Unemployment

question 61

Multiple Choice

The bulk of the decline in the natural rate of unemployment since 1980 is because of

• A)a decline in the inflation rate.
• B)a decline in the share of young workers in the labor force.
• C)increased competition from foreign workers.
• D)the depreciation of the dollar relative to foreign currencies.

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Definitions:

Physical Locations

The tangible and geographical places where businesses, organizations, or other entities occupy space, often important for operations, customer interaction, and logistic purposes.

Taller Organizations

Organizations with multiple layers of management between front-line employees and the top level, often resulting in slower decision-making processes.

Spans

Refers to the extent, scope, or duration of something, often used in contexts such as time spans or spans of control in organizations.

Organizational Size

Organizational size refers to the scale and magnitude of an organization, usually determined by the number of its employees or total revenue, which affects its structure, culture, and operations.