An Increase in Output Will Cause the Unemployment Rate to Fall

question 334

Multiple Choice

An increase in output will cause the unemployment rate to fall by a larger percentage if

• A) firms are holding excess labor.
• B) firms aren't holding excess labor.
• C) firms have their workers work more overtime.
• D) firms hire workers who were already employed by other firms to work for them part-time.

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Definitions:

Negotiations

The process in which two or more parties discuss an issue with the goal of reaching a mutually acceptable agreement.

National Labor Relations Board

An independent US agency that enforces the NLRA by addressing labor disputes and ensuring fair labor practices.

Collective Bargaining Agreement

A legally binding contract negotiated between a union and an employer that outlines wages, hours, and working conditions.

Collective Bargaining

The process where unions and employers negotiate over wages, working conditions, benefits, and other aspects of employment.