Auto Workers Laid Off from Hot-Rod Autoworks as the Result

question 38

Multiple Choice

Auto workers laid off from Hot-Rod Autoworks as the result of a recession are considered

• A) structurally unemployed.
• B) cyclically unemployed.
• C) frictionally unemployed.
• D) seasonally unemployed.

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Definitions:

Public Sector

The part of the economy that is controlled by the government including various services and industries such as healthcare, education, and transportation.

Relative To GDP

A comparison or ratio used to understand a specific financial metric or economic indicator in the context of a country's total gross domestic product.

Federal Government

The national government of a federal country, such as the United States, responsible for enacting and enforcing laws applicable across all states and territories.

Expenditures

Refers to the amount of money spent by either an individual, business, or government on goods and services.