Unemployment Caused by a Business Cycle Recession Is Called Cyclical

question 184

True/False

Unemployment caused by a business cycle recession is called cyclical unemployment.

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Definitions:

Legacy

A bequest; a testamentary gift of personal property. Sometimes incorrectly applied to a testamentary gift of real property.

Testamentary Capacity

The legal competence of an individual to make a will, including the understanding of the nature of the document, the assets to be disposed of, and the identity of the beneficiaries.

Sound Mind

A state of mental capacity in which an individual can effectively understand and manage their affairs.

Lucid Period

A temporary phase of clear-mindedness or rationality that interrupts a longer period of impaired mental state.