What Are the Four Basic Types of Unemployment

question 86

Multiple Choice

What are the four basic types of unemployment?

• A) recovery, expansion, contraction, and stagnation
• B) natural, artificial, voluntary, and induced
• C) micro, macro, industrial, and market-specific
• D) cyclical, seasonal, structural, and frictional

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Definitions:

Accounting Fees

are the costs incurred by businesses or individuals for the services provided by accountants or accounting firms, which may include audits, financial analysis, and tax preparation.

Indirect Cost

Expenses not directly tied to the production of goods or services but necessary for the operation, such as utilities or administrative salaries.

Bankruptcy

A legal proceeding involving a person or business that is unable to repay outstanding debts.

Sale of Assets

The process of selling company properties, plant, and equipment to generate cash.