Cyclical Unemployment in Canada Is Essentially the Consequence Of

question 197

Multiple Choice

Cyclical unemployment in Canada is essentially the consequence of:

• A)procyclical fiscal policies.
• B)a deficient level of aggregate expenditures.
• C)rapid technological progress.
• D)the geographic immobility of the labor force.

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Definitions:

Production Technology

The set of processes, methods, or equipment used by firms in the production of goods or services, which affects productivity and efficiency.

Input Prices

The cost of raw materials and other inputs used in the production of goods and services. Lower input prices can increase profitability for producers.

Production Technology

The methods, processes, and equipment used to produce goods and services.

Input Prices

The costs associated with the inputs required for production, including materials, labor, and overhead expenses.