If a Person Cannot Find a Job After Searching for One

question 149

True/False

If a person cannot find a job after searching for one year because there is not enough demand in the economy,this is an example of cyclical unemployment.

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Definitions:

Federal Reserve System

The central banking system of the United States, responsible for setting monetary policy and regulating banks.

Interest Rates

The amount charged by lenders as a percentage of the principal borrowed, influencing economic activity and financial decisions.

Lending Activities

Financial transactions involving the provision of funds with the expectation of future repayment, often with interest.

Fiscal Policy

Government policies concerning taxation, government spending, and borrowing to influence the economy.