Unemployment

question 14

Multiple Choice

Unemployment:

• A) changes primarily because of macroeconomic forces.
• B) can have serious social consequences.
• C) can create uncertainty about the future.
• D) All of these are true.

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Definitions:

Consideration

Something of value that is exchanged between parties in a contract, which is necessary for the agreement to be legally binding.

Performance

The action or process of carrying out or accomplishing an action, task, or function.

Oral Contract

An agreement made through spoken words rather than written, which can be legally binding under certain conditions.

Another's Debt

The obligation to repay money borrowed by another person or entity, often due to a legal or financial agreement.