Which of the following is true of cyclical unemployment?
A) Cyclical unemployment increases during periods of economic boom.
B) Cyclical unemployment is the deviation of unemployment from its natural rate.
C) Cyclical unemployment is also known as frictional unemployment.
D) Cyclical unemployment decreases during periods of economic boom.
B
You might also like to view...
How might technological spillover explain why countries with high rates of population growth don't have higher per-capita income?
What will be an ideal response?
Personal income minus personal taxes equals disposable personal income
a. True b. False Indicate whether the statement is true or false
Bondholders have a "prior claim" over stockholders on a company's earnings or its assets
a. True b. False Indicate whether the statement is true or false
If nominal wages and salaries are fixed as firms change product prices, the short-run aggregate supply curve (SRAS) is:
a. vertical. b. positively sloped. c. negatively sloped. d. horizontal.