Frictional and Structural Unemployment Both Exist When

question 286

Multiple Choice

Frictional and structural unemployment both exist when

• A)the economy is in an expansionary phase.
• B)the economy is in long-run equilibrium.
• C)the economy is at the peak of the business cycle.
• D)the economy is in short-run equilibrium.

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Definitions:

Authority

The recognized power or right of an entity or individual to make decisions, command obedience, or influence behavior.

Authority

The power or right to give orders, make decisions, and enforce obedience.

Power

The capacity or ability of an individual or group to influence or control the behavior of others or the course of events.

Class Consciousness

Awareness of one's place in a system of social classes, especially as it relates to the class struggle, social injustice, and the push for collective political action.