Unemployment That Occurs When There Is Deficient Demand for the Goods

question 94

Multiple Choice

Unemployment that occurs when there is deficient demand for the goods and services of an economy is called

• A)frictional unemployment.
• B)cyclical unemployment.
• C)structural unemployment.
• D)natural unemployment.

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Definitions:

Equal Cash Flows

A series of identical cash inflows or outflows occurring over a specified period.

Annuity

A series of equal cash receipts spaced equally in time; a series of equal net cash flows at fixed time intervals.

Sensitivity Analysis

A form of analysis that considers the impact of changing one or more inputs or assumptions on the resulting outcome.

Likelihoods

The probabilities or chances of different outcomes occurring.