Cyclical Unemployment

question 72

Multiple Choice

Cyclical unemployment:

• A) causes unemployment statistics to be understated.
• B) causes unemployment statistics to be overstated.
• C) occurs because of recessions.
• D) occurs because of technological innovations in production.
• E) only occurs with a zero inflation rate.

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Definitions:

Debit Totals

The sum of all debit entries made in a company's accounting records during a specific period.

Credit Totals

The aggregate amount of credit entries recorded in a financial system or ledger.

Trial Balance

A spreadsheet where the totals of all ledger balances are gathered into equal totals in debit and credit columns for accounts.

Debit Column

A column in financial accounting used to record entries that decrease liabilities and increase assets or expenses.