Louise Is Unemployed Due to a Decrease in the Demand

question 82

Multiple Choice

Louise is unemployed due to a decrease in the demand for workers with a knowledge of a certain word processing language.This is an example of

• A)cyclical unemployment.
• B)frictional unemployment.
• C)involuntary unemployment.
• D)structural unemployment.

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Definitions:

Successively Less Satisfaction

The phenomenon where each additional unit of a particular good or service consumed provides less satisfaction or utility than the previous one; also known as diminishing marginal utility.

Quantity Demanded

The amount of a product that consumers are willing and able to purchase at a given price level.

Coca Cola

A multinational beverage corporation, known for its flagship product, a carbonated soft drink named after the company.

Advertising Campaign

A series of advertisement messages that share a single idea and theme intended to achieve a particular goal, such as increasing brand awareness or boosting sales.