In Macroeconomic Theories of National-Income Determination,short-Run Changes in Real GDP

question 104

Multiple Choice

In macroeconomic theories of national-income determination,short-run changes in real GDP are typically associated with changes in ________ unemployment.

• A)frictional
• B)structural
• C)cyclical
• D)voluntary
• E)efficiency-wage

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Definitions:

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The act of reaching a destination before the expected or scheduled time.

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A mental outlook that focuses on the good and expects positive outcomes.

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The quality of being reliable, trustworthy, and consistent in performance or presence.

Reliable

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