Cyclical unemployment is:
A) the additional unemployment not captured in official statistics resulting from discouraged workers and involuntary part-time workers.
B) the extra unemployment that occurs during periods of recession.
C) short-term unemployment that is associated with the process of matching workers with jobs.
D) long-term and chronic unemployment that exists even when the economy is producing at a normal rate.
Correct Answer:
Verified
Q87: Which of the following is an example
Q88: Worker mobility and transition aid to workers
Q89: Structural unemployment occurs because
A)new jobs are created,
Q90: Structural unemployment is:
A)the additional unemployment not captured
Q91: Heterogeneity and the dynamic nature of labor
Q93: Cyclical unemployment occurs because
A)labor markets are heterogeneous
Q94: Which of the following is an example
Q95: The costs of unemployment are lowest (and
Q96: From an economic perspective, the best response
Q97: Long-term chronic unemployment that results even when
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