Cyclical Unemployment Arises When

question 83

Multiple Choice

Cyclical unemployment arises when

• A)unskilled or low-skilled workers find it difficult to obtain desirable,long-term jobs.
• B)labour must be reallocated from industries that are shrinking to areas that are growing.
• C)workers must search for suitable jobs and firms must search for suitable workers.
• D)output and employment are below full-employment levels.

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Definitions:

Population Mean

The average of all the individuals or items in a population.

Population Standard Deviation

A measure of the dispersion or spread of all values in a population from the population mean.

Mean Salary

The average salary calculated by summing all salaries and dividing by the number of salaries.

Population Standard Deviation

A measure of the spread of a set of values in a population, giving insight into the variability within the entire population.