Cyclical Unemployment Is Associated with Which of the Following

question 35

Multiple Choice

Cyclical unemployment is associated with which of the following?

• A)changes to the economy's industrial structure resulting from growth in some industries and decline in others
• B)an output level different from the economy's potential output
• C)differences between the characteristics of the supply of labour and the demand for labour
• D)people entering the labour force typically take some time to find a job
• E)people quitting their present jobs to look for other jobs

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Definitions:

Expected Frequency

The predicted number of times an event will occur over a specified period in a statistical experiment.

Cramér's V

Cramér's V is a measure of association between two nominal variables, giving a value between 0 and 1 to indicate the strength of the relationship.

Cramér's V

A measure of association between two nominal variables, giving a value between 0 and 1.

Groups

Collections of subjects or entities categorized together for participation in a study or for analysis in research.