Which of the Following Types of Unemployment Is Likely to Exist

question 68

Multiple Choice

Which of the following types of unemployment is likely to exist in an economy that is at its potential output level?

• A)Cyclical unemployment only
• B)Structural unemployment only
• C)Frictional,cyclical,and seasonal unemployment only
• D)Frictional,seasonal,and structural unemployment only
• E)Seasonal unemployment only

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Definitions:

Random Sample

A sample that is selected from a larger population in such a way that every individual has an equal chance of being included.

Timely Payments

Refers to the act of paying dues or bills on or before the due date.

Loans

Money that is borrowed, often from a bank, that is expected to be paid back with interest.

Probability

An assessment of the chance that an event will take place.