Cyclical Unemployment

question 351

Multiple Choice

Cyclical unemployment

• A) is the major part of the natural unemployment rate.
• B) decreases during economic expansions.
• C) rises as a result of increased international competition.
• D) falls when unemployment compensation payments are increased.

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Definitions:

Variation

The extent to which data points in a dataset differ from each other and from their average value.

Control Chart

A graphical tool used in process control to display how a process varies over time and to detect whether a process is statistically controlled.

Attributes Data

Qualitative data that is categorized based on attributes or characteristics, rather than numerical values.

Process Capability Analysis

A statistical technique used to determine if a manufacturing or business process is capable of meeting its design specifications and quality demands.