Cyclical unemployment can best be described as the
A) increase in unemployment when the economy is in a boom.
B) increase in unemployment when the economy is in a recession.
C) amount of unemployment when real and potential GDP are equal.
D) increase in unemployment above the natural rate during and in the aftermath of recessions.
E) amount of unemployment when real and nominal GDP are equal.
Correct Answer:
Verified
Q66: The natural unemployment rate has been constant
Q67: Which of the following might cause the
Q68: The term natural in the phrase natural
Q69: Frictional unemployment occurs because
A)it takes time to
Q70: Frictional unemployment is defined as the increase
Q72: The unemployment rate in the absence of
Q73: The natural unemployment rate is caused by
Q74: The natural unemployment rate
A)can be precisely estimated
Q75: Structural unemployment occurs because
A)of inflation.
B)people have insufficient
Q76: The type of unemployment that occurs because
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents