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Which of the Following Is Likely to Cause a Decrease

question 63

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Which of the following is likely to cause a decrease in the natural rate of unemployment?


Definitions:

Plant Size

Refers to the scale of operations or production capacity of a manufacturing facility or factory.

Long Run

A period of time in economics during which all factors of production and costs are variable, allowing companies to adjust all inputs.

Least-cost Production

A production method where the combination of resources used minimizes costs for a given output level, achieving productive efficiency.

Per Unit Costs

The average cost of production or delivery per individual unit, calculated by dividing total costs by the number of units produced or delivered.

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