A headline states: "Real GDP falls again as the economy slumps." This condition is most likely to produce what type of unemployment?

Question

Quizplus · Accepted Answer

The statement "Real GDP falls again as the economy slumps" suggests a contraction in the economy, which would result in a decrease in demand for goods and services. This decrease in demand would lead to a decrease in production and an increase in unemployment, specifically cyclical unemployment.

A Headline States: "Real GDP Falls Again as the Economy