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:

Management Accounting System

A system used by businesses to provide financial and statistical information to managers for making short-term and long-term decisions.

Shareholder Value

The value delivered to shareholders of a corporation through dividends and appreciation of the company's stock price.

Customer Value

The perception of the benefits a product or service provides to a customer compared to its cost.

Traditional Management Accounting

A method of accounting focused on reporting financial information to managers for the purpose of planning, decision making, and controlling operations within an organization.