When the Total Number of Unfilled Job Openings in the Economy

question 71

Multiple Choice

When the total number of unfilled job openings in the economy is equal to the total number of persons unemployed,________ is zero.

• A)cyclical unemployment
• B)frictional unemployment
• C)involuntary unemployment
• D)the NAIRU
• E)structural unemployment

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Definitions:

Goodwill

The intangible asset that arises as a result of the acquisition of one company by another for a premium value, representing aspects like brand, customer base, and reputation.

Tangible Capital

Physical assets owned by a firm that are used in the production process, such as machinery, buildings, and equipment.

Nonresidential Structures

Buildings and constructions excluding residential homes, often commercial, industrial, or public use facilities.

Human Capital

The economic value of a worker's experience and skills, including factors like education, training, intelligence, skills, health, and other things employers value such as loyalty and punctuality.