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:

Substitutes for Leadership

Substitutes for leadership refer to factors that reduce the impact of direct leadership, such as established procedures, cohesive teams, or intrinsic motivation.

Information Technology

The use of computers, networks, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.

Formalisation

The process of establishing official structures, procedures, and rules within an organization to ensure efficiency, clarity, and compliance.

Vroom-Jago Leader-Participation Model

A decision-making framework that helps leaders decide how much participation they should allow from subordinates in the decision-making process.