The type of unemployment that arises from a decrease in real GDP is called
A) frictional unemployment.
B) structural unemployment.
C) downturn unemployment.
D) non-expansion unemployment.
E) cyclical unemployment.
E
Economics
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If there is a decrease in the expected future profitability of capital,
A) the aggregate demand curve will shift right. B) the aggregate demand curve will shift left. C) the aggregate demand curve will become steeper. D) the aggregate demand curve will be unaffected.
Economics
The growth rate of real GDP per worker results from
A) convergence to the steady state and steady-state growth. B) growth from total factor productivity minus depreciation. C) growth from labor productivity and growth from the labor force. D) growth from investment and growth from break-even investment.
Economics