The Portion of Unemployment That Is Due to Changes in Technology

question 50

Multiple Choice

The portion of unemployment that is due to changes in technology in the economy is called:

• A) frictional unemployment
• B) natural unemployment
• C) cyclical unemployment
• D) structural unemployment

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Definitions:

Amortized Cost

The initial investment cost adjusted for amortization or depreciation over the period of the investment.

Effective Interest Rate

The real cost of borrowing after adjusting for compounding interest and all fees. It provides a more accurate representation of the actual financial charge associated with a loan.

Trading Security

A financial instrument that is bought and sold for the purpose of generating profits on short-term fluctuations in price.

Available-for-sale Security

A debt or equity security not classified as a held-to-maturity or trading security, which can be sold in the short term for capital gains.