Cyclical Unemployment Exists When

question 138

Multiple Choice

Cyclical unemployment exists when

• A) frictional and structural unemployment is zero.
• B) real national income exceeds potential income.
• C) real GDP exceeds potential GDP.
• D) real GDP is less than potential GDP.

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Definitions:

Cease and Desist

A legal order or request to halt an activity or behavior deemed illegal or infringing on rights.

Basic Need

Fundamental requirements vital for sustaining human life, such as food, water, shelter, and safety.

Clothing

Articles of attire worn on the body, typically consisting of fabrics or textiles but can also include items like shoes and accessories.

Schooling

A structured process of education and training provided at various levels such as elementary, secondary, and higher education institutions.