The Keynesian Explanation for Cyclical Unemployment Is

question 140

Multiple Choice

The Keynesian explanation for cyclical unemployment is:

• A) that labor is reallocated across different industries.
• B) the same as that for frictional and structural unemployment.
• C) that wage demands are too high relative to falling prices.
• D) that it is a normal response to real shocks in the economy.

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Definitions:

Evolutionary Potential

The capacity of a species or a population to adapt and evolve over time in response to environmental changes, genetic variability, and selection pressures.

Gene Pool

The complete set of genetic information within all individuals of a population or species.

Population Density

A measurement of the number of individuals living within a specific area, typically expressed as people per square kilometer or mile.

Critical Levels

Threshold values of pollutants or environmental conditions above which detrimental effects on specified sensitive elements of the environment are observed.