Faced with Incomplete Information About the Future National Economic Conditions

question 95

Multiple Choice

Faced with incomplete information about the future national economic conditions, many employers have eschewed the tradition of hiring full-time, permanent employees in favor of ________.

• A) hiring only high school graduates willing to work for lower wages
• B) a reduced work week of no more than 30 hours per week per employee
• C) off-shoring as many jobs as possible to reduce costs associated with government-mandated programs
• D) a flexible work arrangement that includes freelancers and temporary workers

---

Definitions:

Money Supply Growth

The rate at which the total amount of money available in an economy changes over a specific period of time.

Unemployment

Unemployment refers to the situation when individuals who are capable of working and are actively seeking employment are unable to find a job.

Financial Crisis

A situation where financial assets suddenly lose a large part of their nominal value, often leading to bankruptcies and economic downturns.

Phillips Curve

An economic concept illustrating an inverse relationship between the level of unemployment and the rate of inflation.