Unemployment That Has an Entirely Macroeconomic Cause Is Called

question 208

Multiple Choice

Unemployment that has an entirely macroeconomic cause is called

• A) frictional unemployment
• B) seasonal unemployment
• C) structural unemployment
• D) cyclical unemployment
• E) short-term unemployment

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Definitions:

Resource

An economic or productive factor required to accomplish an activity, or to produce goods and services.

Economists

Professionals who study the production, distribution, and consumption of goods and services, and analyze economic issues and behaviors.

Investment

The act of allocating resources, usually money, with the expectation of generating an income or profit, such as purchasing assets or stocks.

Economic Term

A concept or terminology used within the field of economics to describe processes, theories, or phenomena related to how goods and services are produced, distributed, and consumed.