Use the following choices regarding the various types of unemployment to describe this situation.George was laid off by his trucking firm because of a recession.
A) Frictional unemployment
B) Structural unemployment
C) Natural unemployment
D) Cyclical unemployment
Correct Answer:
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Q130: Unemployment caused by economic decline or recession
Q131: Which can be negative?
A)Only the nominal rate
Q132: If we compare the U.S.experience since 1970
Q133: Official unemployment statistics
A)understate unemployment because individuals receiving
Q134: Statement I: During periods of prosperity,cyclical unemployment
Q136: A worker who has quit one job
Q137: Suppose there are 8 million unemployed workers
Q138: The U.S.Department of Labor may underestimate the
Q139: The unemployment rate is the number of
Q140: The unemployment rate is the
A)ratio of unemployed
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