Which statement best explains how unemployment relates to business cycles?
A) Unemployment can be eliminated through economic policies when the economy grows at normal rates.
B) Unemployment only exists during periods of economic slowdown.
C) Cyclical unemployment is inversely related to short-run economic fluctuations.
D) Unemployment is unrelated to short-run economic fluctuations.
Correct Answer:
Verified
Q2: Who would be included in the labour
Q3: How often is data on unemployment reported?
A)
Q4: Who would be counted as unemployed according
Q5: Who would NOT be included in the
Q6: What does cyclical unemployment refer to?
A) the
Q7: Ed is on a temporary winter layoff
Q8: How is the unemployment rate computed?
A) by
Q9: What is cyclical unemployment closely associated with?
A)
Q10: Who would NOT be included in the
Q11: Who would be included in the labour
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