When Cyclical Unemployment Is Zero

question 24

Multiple Choice

When cyclical unemployment is zero,

• A)cyclical and frictional unemployment are zero.
• B)frictional unemployment is zero.
• C)structural unemployment is zero.
• D)the natural unemployment rate is zero.
• E)the unemployment rate equals the natural unemployment rate.

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Definitions:

Standard Of Living

Refers to the level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Great Depression

A severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States, marked by high unemployment and poverty.

Freedom Of Contract

The legal principle that individuals have the right to freely enter into agreements and contracts without unreasonable government interference.

Workforce

The group of people who are engaged in or available for work, either in a particular area or in a specific industry or occupation.