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Author Question: During a recession, cyclical unemployment will increase. This increase in cyclical unemployment will (Read 98 times)

clmills979

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Question 1

The economy is in a recession and the housing market is in a slump. As a result of this, a construction firm lays off half of its workers. This is an example of
◦ natural unemployment.
◦ frictional unemployment.
◦ structural unemployment.
◦ cyclical unemployment.

Question 2

During a recession, cyclical unemployment will increase. This increase in cyclical unemployment will
◦ have little or no effect on the equilibrium level of unemployment.
◦ either increase or decrease the equilibrium level of unemployment.
◦ decrease the equilibrium level of unemployment.
◦ increase the equilibrium level of unemployment.


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Marked as best answer by clmills979 on May 25, 2020

bblaney

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clmills979

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Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review


gcook

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Reply 3 on: Yesterday
:D TYSM

 

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