Which Type of Unemployment Increases During a Recession

question 52

Multiple Choice

Which type of unemployment increases during a recession?

• A) cyclical unemployment
• B) frictional unemployment
• C) structural unemployment
• D) the natural unemployment rate

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Definitions:

Consideration

A legal concept in contract law referring to something of value exchanged between parties to a contract, a requirement for the contract to be binding.

Accounts Receivable

Represents money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Subsequent Assignment

The act of transferring rights or obligations to another party after the original assignment has already taken place.

Superior Rights

Legal or contractual rights that have precedence or higher priority over others in a specific situation.