Which of the Following Would Decrease the Unemployment Rate

question 66

Multiple Choice

Which of the following would decrease the unemployment rate?

• A)an increase in the minimum wage
• B)an increase in the efficiency wage
• C)an increase in labor union membership
• D)government aid to retrain unemployed workers

---

Definitions:

Lead-The-Market Pay Strategy

A compensation strategy where an organization aims to offer wages higher than the average market rate to attract and retain top talent.

Direct Applicants

Individuals who apply for a position directly with an employer, without intermediaries like recruiters or agencies.

Internal Recruitment

The process by which a business or organization seeks to fill vacancies from within its existing workforce, rather than by hiring externally.

Employee Referrals

A recruitment method where existing employees recommend potential candidates for open positions.