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Which of the following is the resultant effect of a fall in the profit margin of ...

Which of the following is the resultant effect of a fall in the profit margin of producers in an economy?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Unemployment will fall
  • B Unemployment will remain constant
  • C Unemployment will increase
  • D Unemployment will fluctuate
Correct Answer: Option C
Explanation:
In general, Okun's findings demonstrated that when unemployment falls, the production of a country will increase and vice versa.

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