The big jump in the unemployment rate that occurred in 2009 can best be explained as an increase in
A. structural unemployment.
B. frictional unemployment.
C. cyclical unemployment.
D. natural unemployment.
Answer: C
Economics
You might also like to view...
Unplanned inventory depletion occurs when real GDP is above its equilibrium level
a. True b. False Indicate whether the statement is true or false
Economics
An individual labor-demand curve represents:
A. a worker's decisions around how many hours to work at each alternative wage. B. the decisions of all workers around how many hours to work at each alternative wage. C. a firm's decisions around how many hours to hire at each alternative wage. D. the decisions of all firms around how many hours to work at each alternative wage.
Economics