Describe the three types of unemployment
What will be an ideal response?
Frictional unemployment is short-term unemployment that arises from the process of matching workers with jobs. Structural unemployment arises from a persistent mismatch between the skills and attributes of workers and the requirements of jobs. Cyclical unemployment is caused by a business cycle recession.
Economics
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Which of the following is a characteristic of capitalism?
a. Equality of income. b. Government decision-making is preferred to decentralized decision-making. c. Market determination of prices and quantity. d. Government ownership of all capital.
Economics
The recession of the early 1990s was triggered by a decrease in aggregate supply
Indicate whether the statement is true or false
Economics