Cyclical Unemployment

question 10

Multiple Choice

Cyclical unemployment

• A) decreases during an expansion.
• B) grows at the same rate as potential GDP.
• C) is zero at a business-cycle trough.
• D) decreases during a recession.

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Definitions:

Bylaws

A set of governing rules adopted by a corporation or other association.

Organizational Meeting

An initial gathering designed to establish the structure or operation of an organization, committee, or project.

Corporation Adopts

The process through which a corporation formally adopts policies, procedures, or changes in structure.

Declaring Dividends

The action by a company's board of directors to distribute a portion of earnings to shareholders as a reward for their investment.