Explain what type of unemployment changes with the business cycle and how it changes
What will be an ideal response?
Cyclical unemployment is the unemployment that changes with the business cycle. Cyclical unemployment rises when the economy is in the recession part of a business cycle and decreases when the economy is in the expansion part of the business cycle.
Economics
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All of the following are characteristics of a monopolistically competitive industry EXCEPT
A) homogeneous products. B) many firms. C) low barriers to entry and exit. D) sales promotion and advertising.
Economics
A 14 year old boy who works in a bakery shop is a part of the labor force
a. True b. False Indicate whether the statement is true or false
Economics