During a Recession,fewer Individuals Fly Across the Country for Vacations

question 54

Multiple Choice

During a recession,fewer individuals fly across the country for vacations.As a result,many pilots and flight attendants lose their jobs.The pilots and flight attendants would be classified as:

• A) frictionally unemployed.
• B) discouraged workers.
• C) structurally unemployed.
• D) overemployed.
• E) cyclically unemployed.

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Definitions:

Accounting Cycle

The process of recognizing, recording, classifying, and summarizing financial transactions in a business over a specific period.