A low unemployment rate implies that
A)job offers are scarce and inflation is high.
B)job offers are plentiful and wages are high.
C)jobs are permanent and job offers are plentiful.
D)jobs are difficult to find,and wages are low.

Question

Quizplus · Accepted Answer

A low unemployment rate indicates that job offers are plentiful and there is strong competition among employers for workers. This can lead to higher wages and better job security for workers. Option A is incorrect because high inflation typically accompanies high unemployment rather than low unemployment. Option C is not necessarily true as job security depends on factors beyond just the unemployment rate. Option D is the opposite of what a low unemployment rate implies.

A Low Unemployment Rate Implies That