Assume an Economy Experiences,for a Given Period,a 1% Increase in Output

question 68

Multiple Choice

Assume an economy experiences,for a given period,a 1% increase in output and a 5% increase in productivity.Given this information,we know that which of the following occurred for this economy during this period?

• A)the unemployment rate increased during this period.
• B)the unemployment rate decreased during this period.
• C)the unemployment rate did not change during this period.
• D)the effects on the unemployment rate are ambiguous.
• E)none of the above

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Definitions:

General Ledger

A comprehensive record of all financial transactions occurring within a company, organized by account, used to compile financial statements.

Control Accounts

General ledger accounts that summarize the details of a subsidiary ledger, facilitating the consolidation and reporting process.

Enterprise Resource Planning

A type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, and manufacturing.

Human Resource Management

A function in organizations designed to maximize employee performance in service of an employer's strategic objectives.