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:

Demand Manipulation

Techniques used by businesses to influence customer demand, either by stimulating interest in products or by adjusting supply levels.

Aggregate Planning

A process in operations management aimed at determining optimal production levels, inventory, and workforce requirements over a medium-term time horizon.

Capacity Option

Choices available to a business for increasing or decreasing its production capabilities or capacity to meet changing market demands.

Capacity Options

The strategic choices available to a company regarding the scale of its operations and resources to meet varying levels of demand.