Which of the Following Types of Unemployment Can Exist in an Economy

question 70

Multiple Choice

Which of the following types of unemployment can exist in an economy that is at its potential output level?

• A) cyclical unemployment only
• B) structural unemployment only
• C) frictional, cyclical, and seasonal unemployment only
• D) frictional, seasonal, and structural unemployment only
• E) there will be no unemployment in an economy that is at the potential output level

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Definitions:

Academic Work

Intellectual tasks or pursuits related to teaching, learning, or researching in a scholarly or educational setting.

Learning Contract

An agreement between a learner and educator outlining specific goals, resources, and assessments for a learning activity or course.

Inherent Risks

The potential for loss or damage inherent to a particular situation or activity, even in the absence of external factors.

Respect

A feeling of deep admiration for someone or something elicited by their abilities, qualities, or achievements.