The Aggregate Cost of Unemployment Can Be Measured by the

question 112

Multiple Choice

The aggregate cost of unemployment can be measured by the

• A) amount by which actual GDP exceeds potential GDP.
• B) amount by which potential GDP exceeds actual GDP.
• C) excess of real GDP over nominal GDP.
• D) excess of nominal GDP over real GDP.

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Definitions:

General Adaption Syndrome

A three-stage model (alarm, resistance, exhaustion) describing the physiological changes the body undergoes in response to chronic stress.

Immune Deficiencies

Situations in which the ability of the immune system to combat infectious diseases and cancer is weakened or completely lacking.

Stress Reaction

The physical, mental, or emotional response to an event or condition that disturbs the balance or equilibrium of a person's state.

Interstate

Pertaining to the system of highways that connect major cities across states in the United States, also used to describe anything occurring between states.