An Increase in the Unemployment Rate May Be Represented as a Movement

question 100

True/False

An increase in the unemployment rate may be represented as a movement from a point on the production possibilities frontier to a point inside the frontier.

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Definitions:

Uniformitarianism

The principle that the same natural laws and processes that operate in the universe now have always operated in the universe in the past and apply everywhere.

Catastrophism

The theory that Earth has been affected in the past by sudden, short-lived, violent events, possibly worldwide in scope.

Evolution

The process by which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.

Biological Sciences

The branch of natural science concerned with the study of life and living organisms, including their structure, function, growth, evolution, distribution, and taxonomy.