Cyclical Unemployment

question 107

Multiple Choice

Cyclical unemployment:

• A) occurs when people are between jobs.
• B) is a lack of good matches between available jobs and skills.
• C) is the normal unemployment around which the actual unemployment rate fluctuates.
• D) is the deviation from the natural rate in the actual rate of unemployment.

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Definitions:

Net Income

The total amount of profits earned by a company after all expenses and taxes have been deducted from revenue.

Special Order

A one-time order that is not considered part of the company's normal ongoing operations, often requiring special pricing or terms.

Incremental Analysis

An examination of the additional benefits of an activity compared to the additional costs incurred by that same activity.

Lost Sales

Potential sales that were not realized due to stockouts, capacity issues, or other factors that prevented the completion of a sale.