Multiple Choice
When output increases by 1%, the unemployment rate ________ in the short run because as output increases, the size of the labor force increases.
A) tends to rise by 1%
B) tends to fall by 1%
C) does not tend to fall by 1%
D) tends to rise by less than 1%
Correct Answer:

Verified
Correct Answer:
Verified
Q17: When the substitution effect is greater than
Q18: Transfer payments are cash payments made by
Q19: At the beginning of 2017, Albert planned
Q20: Refer to the information provided in Table
Q21: The average level of one's expected future
Q23: Suppose that output in an economy is
Q24: A decrease in corporate profits, resulting in
Q25: When firms hold excess labor, the unemployment
Q26: Which of the following factors is not
Q27: Consumption will generally decrease when the income