Which of the Following Types of Unemployment Is Likely to Exist

question 172

Multiple Choice

Which of the following types of unemployment is likely to exist in an economy that is at its potential output level?

• A) cyclical unemployment
• B) structural unemployment
• C) frictional, cyclical, and seasonal unemployment
• D) frictional, structural, and seasonal unemployment
• E) seasonal unemployment

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Definitions:

Foot-in-the-door Phenomenon

The tendency for people to comply with a large request after first agreeing to a small, related request.

Decorative Pumpkins

Pumpkins used primarily for ornamental purposes, especially during autumn and Halloween, rather than for consumption.

Cognitive Dissonance

The mental discomfort experienced when holding two or more contradictory beliefs, attitudes, or values, which often leads to efforts to reduce the discomfort through changing attitudes or beliefs.

Fundamental Attribution Error

The inclination to attribute others' actions too much to their character traits while overlooking the role of environmental contexts.