If the Labor Market Becomes More Efficient So That the Unemployed

question 140

Multiple Choice

If the labor market becomes more efficient so that the unemployed are more quickly matched with jobs, then

• A) the natural rate of unemployment will increase.
• B) the natural rate of unemployment will decrease.
• C) the natural rate of unemployment will not change.
• D) the natural rate of unemployment could either increase or decrease.

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Definitions:

Natural Resources

Assets that are found in nature and are used for economic gain, such as oil, forests, minerals, or water.

Depletion Expense

An accounting approach for allocating the cost of extracting natural resources from the earth over the period of their extraction.

Real Estate

Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature.

Salvaged Materials

Materials that have been recovered or repurposed from obsolete or discarded sources, often used in manufacturing or construction.