According to the Job-Rationing Explanation of Unemployment, If There Is

question 126

Multiple Choice

According to the job-rationing explanation of unemployment, if there is unemployment,

• A)the number of people employed will increase to the equilibrium level.
• B)the real wage will increase to the equilibrium level.
• C)the real wage will not fall to the equilibrium level.
• D)the real wage will fall to the equilibrium level.
• E)the number of people employed will decline to the equilibrium level.

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Definitions:

Facility-sustaining Activities

Costs and activities associated with maintaining a manufacturing or production facility at an operational status, independent of the actual levels of production.

Batch-level Activities

Operations and tasks performed for a group of units produced as a single batch, costing is aggregated at the batch level.

ABC

Activity-Based Costing, a method of allocating costs to products or services based on the resources they consume.

Unused Capacity

Refers to the resources or capabilities within a business that are not currently being used to their full potential, which can lead to inefficiencies or lost income.