When There Is a Decrease in the Unemployment Rate

question 134

Multiple Choice

When there is a decrease in the unemployment rate,

• A)The economy moves closer to the production possibilities curve.
• B)The production possibilities curve shifts outward.
• C)The production possibilities curve shifts inward.
• D)There is a movement along the production possibilities curve.

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Definitions:

Span Memory

Also known as memory span, it refers to the longest list of items (like digits, letters, or words) that a person can remember and repeat in correct order after one presentation.

Number Facility

The capability to easily understand numbers and perform mathematical operations.

Induction

The process of reasoning from specific instances to general principles.

Impulsive Style

A behavioral tendency characterized by acting on the spur of the moment without much deliberation or consideration for the consequences.