When Cyclical Unemployment Is Zero

question 157

Multiple Choice

When cyclical unemployment is zero,

• A) structural unemployment is zero.
• B) cyclical and frictional unemployment are zero.
• C) the unemployment rate equals the natural unemployment rate.
• D) frictional unemployment is zero.

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Definitions:

Prime Objective

The main goal or target an individual, group, or organization aims to achieve.

Domestic Industries

Sectors of a country's economy that produce goods or services primarily for consumption within the same nation.

Clustering

Clustering is the grouping or gathering of objects, data points, or individuals based on similarities or common characteristics.

Regional Information

Data or details that pertain to a specific geographical area or region.