Unemployment Caused by the Fluctuation of the Business Cycle Is

question 321

Multiple Choice

Unemployment caused by the fluctuation of the business cycle is called ________ unemployment.

• A) structural
• B) recession-related
• C) frictional
• D) cyclical

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Definitions:

Liquid Assets

Assets that can be quickly converted into cash without significant loss of value, such as stocks or government bonds.

Inventory

A complete list of items such as property, goods in stock, or the contents of a building.

Non-Cash Expenses

Expenses recorded on the income statement that do not involve an actual cash flow, such as depreciation and amortization.

Millions

A numeral representation indicating one thousand times one thousand, or 1,000,000.