Author Question: The portion of unemployment that is attributable to an overall decline in the economy's business ... (Read 181 times)

jilianpiloj · **on:** Jun 30, 2018

The portion of unemployment that is attributable to an overall decline in the economy's business activity is called:
a. frictional unemployment.
b. underemployment.
c. cyclical unemployment.
d. structural unemployment.

Question 2

Economists sometimes say that the current exchange rate system is a dirty float system. What does this mean?

cam1229 · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

c

Answer to Question 2

The dirty float system means that fluctuations in currency values are partly determined by market forces and partly influenced by government intervention on behalf of either buying or selling its own currency in the world currency exchange markets.