Cyclical Unemployment

question 12

Multiple Choice

Cyclical unemployment

• A)has a different explanation than does the natural rate of unemployment.
• B)refers to the year-to-year fluctuation in unemployment around an economy's natural rate of unemployment.
• C)is closely associated with short-run ups and downs of economic activity.
• D)All of the above are correct.

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Definitions:

Purchase Decision

The final stage in the consumer decision-making process where the consumer chooses to buy a product or service after evaluating alternatives.

Bidder's List

A bidder's list is a compilation of suppliers or contractors who have expressed interest in submitting proposals or bids for a specific project or procurement, maintained by purchasing organizations for competitive bidding processes.

Buying Center

A group within an organization responsible for making purchasing decisions.

Purchase Decision

The process and outcome of evaluating and choosing from available products or services, culminating in the act of buying.