Cyclical Unemployment

question 434

Multiple Choice

Cyclical unemployment .

• A) grows at the same rate as potential GDP
• B) is zero at a business- cycle trough
• C) decreases during a recession
• D) decreases during an expansion

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Definitions:

Codicil

A supplement or addition to a will, not necessarily replacing the original will, but modifying, explaining, or otherwise altering its terms in some way.

Primary Beneficiary

The primary beneficiary is the individual or entity designated to receive the benefits or proceeds of a policy or plan before any others.

Funeral Arrangements

The planning and provisioning for the burial or cremation and memorial services for a deceased person.

Will

A legal document by which a person expresses their wishes as to how their property is to be distributed at death, and names one or more persons to manage the estate.