If Some People Who Were Frictionally Unemployed Became Structurally Unemployed

question 130

Multiple Choice

If some people who were frictionally unemployed became structurally unemployed instead, the natural rate of unemployment:

• A)​Would increase
• B)​Would not change
• C)​Would decrease
• D)​Would be affected in an unpredictable manner

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Definitions:

Unit Costs

The cost incurred to produce, store, and sell one unit of a product or service.

Process Cost System

This is an accounting methodology used to allocate costs to units of product in continuous operations, industries where the products are homogeneous.

Manufacturing Cost Elements

The components of manufacturing costs, typically including direct materials, direct labor, and manufacturing overhead.

Packaging Department

The division in a manufacturing firm responsible for packaging products for storage or shipment.