Fluctuations in Aggregate Demand Cause Structural Unemployment

question 86

True/False

Fluctuations in aggregate demand cause structural unemployment.

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Definitions:

1929-1933

The period marking the beginning of the Great Depression, a severe worldwide economic downturn.

Great Depression

A severe worldwide economic downturn that lasted from 1929 to the late 1930s, characterized by widespread unemployment, poverty, and deflation.

Young People

A term referring to individuals in their late childhood and adolescence up to early adulthood.

Deferred Marriage

The choice or condition of postponing marriage until a later age for various reasons, including career, education, or personal preference.