Which of the Following Is LEAST Likely to Explain the Growing

question 48

Multiple Choice

Which of the following is LEAST likely to explain the growing percentage of part-time workers?

• A) economic recession
• B) phased retirement programs
• C) desire to better balance work and life
• D) minimum wage increases

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Definitions:

Inflation Expectations

The rate at which people expect prices to rise in the future, which can influence their spending and saving behavior.

Unemployment

The situation in which individuals who are capable of working and are actively seeking work are unable to find employment.

U.S. Monetary Policy

The Federal Reserve's actions to regulate the nation's money supply and interest rates to achieve macroeconomic objectives like controlling inflation.

Inflation Rate

The inflation rate is the percentage increase in the general level of prices for goods and services over a period of time.