Examlex
Which of the following is the most likely response to a decrease in the U.S.real interest rate?
Excess Labour
A situation where the number of workers available exceeds the number of jobs available, often leading to unemployment or underemployment.
Seniority
The concept of prioritizing employees for benefits, promotions, or layoffs based on their length of service or tenure with an organization.
Less Competent Employees
Workers who possess lower levels of skill, knowledge, or ability compared to the expected standard or their peers.
More Competent Employees
Workers who possess greater skills, knowledge, and ability to perform their job effectively compared to others.
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