What Type of Unemployment Was Experienced by Most Unemployed Workers

question 82

Multiple Choice

What type of unemployment was experienced by most unemployed workers in Canada during the Great Depression?  

• A) cyclical 
• B) structural 
• C) seasonal 
• D) frictional

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Definitions:

Unemployment Benefits

Payments made by the government to unemployed individuals who meet certain eligibility requirements.

Index of Leading Indicators

A composite metric that attempts to forecast future economic activity by aggregating various economic indicators.

Economic Fluctuations

Variations in the level of economic activity over periods of time, which can include cycles of growth and recession.

Natural Rate

The natural rate often refers to the natural rate of unemployment, which is the level of unemployment consistent with sustainable economic growth, without accelerating inflation.