What Is the Term for Unemployment Caused by a Contraction

question 161

Multiple Choice

What is the term for unemployment caused by a contraction in the economy?

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

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Definitions:

Weaving Department

A specialized division in a manufacturing facility where threads are interlaced to make textiles or fabric.

Weighted Average Method

A cost accounting method that averages all costs of inventory available for sale during the period and assigns the average cost to both ending inventory and cost of goods sold.

Equivalent Units

A metric used in cost accounting to express the amount of work done on incomplete units of production in terms of fully completed units.

Painting Department

A specialized division within a manufacturing facility responsible for the application of paint to products.