The Economic Principle That the "Unemployment Rate Will Tend to Increase

question 14

Multiple Choice

The economic principle that the "unemployment rate will tend to increase as the economy moves into a recession" is an example of

• A) a normative statement.
• B) an assumption.
• C) loaded terminology.
• D) a generalization.

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Definitions:

Discussions

Interactive exchanges of ideas or opinions among individuals or groups, often with the goal of reaching a better understanding or solution.

Positivity Effect

The tendency for elderly people to perceive, prefer, and remember positive images and experiences more than negative ones.

Fondness

A feeling of liking or affection towards someone or something.

Goodwill

The positive reputation and loyal customer base that a business accumulates over time, considered an intangible asset.