Wayne Did Not Look for Another Job After He Lost

question 166

Multiple Choice

Wayne did not look for another job after he lost his current job. As a result the

• A) labor force immediately decreased.
• B) labor force increased.
• C) unemployment rate eventually decreased.
• D) unemployment rate remains constant for as long as he does not look for another job.

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Definitions:

Downsizing

The planned reduction of a company's workforce to improve efficiency, reduce costs, or become more competitive.

Productivity

The efficiency at which a person, company, or system can convert inputs into useful outputs.

Self-Managing Team

A group of workers who manage their daily duties under little to no supervision.

Daily Duties

Represents the routine tasks and responsibilities that an individual is expected to perform regularly, often as part of their employment or role.