The Difference Between the Number of Workers Employed If the Economy

question 200

Multiple Choice

The difference between the number of workers employed if the economy was operating at full employment and the number of workers currently employed given aggregate expenditures is known as

• A) cyclical unemployment
• B) frictional unemployment
• C) structural unemployment
• D) unemployment is not possible in the short run macro model
• E) urban unemployment

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Definitions:

Igneous Feature

A geological structure formed from the solidification of molten rock material, either below (intrusive) or on (extrusive) the Earth's surface.

Batholith

a large mass of intrusive igneous rock believed to have solidified deep beneath the Earth's surface.

Deep Batholithic Rocks

Large masses of intrusive igneous rock, originating deep within the Earth's crust, that have solidified from magma over millions of years.

Continent-Continent Collision

This term refers to the process in which two continental plates collide, leading to the formation of mountain ranges.