For Each of the Economic Situations Below,identify Whether It Describes

question 104

Essay

For each of the economic situations below,identify whether it describes a healthy economy,a recession,or short-term expansion.
a.The unemployment rate is equal to the natural rate of unemployment.
b.Cyclical unemployment is equal to zero.
c.Cyclical unemployment is negative.
d.Output is less than full-employment output.

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Definitions:

Vacation Days

allotted days where an employee is permitted to be absent from work for personal time, often paid.

Health Maintenance Organization

A medical insurance group that provides health services for a fixed annual fee, focusing on preventative care.

Discounted Services

Services offered at reduced prices, often to attract customers or as a benefit for certain groups, such as employees or members.

Blue Cross / Blue Shield

A federation of health insurance organizations specializing in providing healthcare coverage to millions of people in the United States.