Cyclical Unemployment Is Due Primarily to a Decline in Aggregate

question 114

True/False

Cyclical unemployment is due primarily to a decline in aggregate supply.

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Definitions:

Pluralistic Ignorance

A process in which members of a group individually conclude that there is no need to take action because they see that other group members have not done so.

Bystander Effect

A social psychological phenomenon in which individuals are less likely to offer help to a victim when other people are present.

Alienation

Decreasing importance of social ties and community and the corresponding increase in impersonal associations and instrumental logic; also, according to Marx, the sense of dissatisfaction the modern worker feels as a result of producing goods that are owned and controlled by someone else.

Herbert Gans

A sociologist known for his analytical work in urban sociology, media studies, and studies on the American working class.