The Cyclical Unemployment Rate Is Negative When

question 72

Multiple Choice

The cyclical unemployment rate is negative when

• A) there is a recessionary gap.
• B) there is an expansionary gap.
• C) the output gap equals zero.
• D) frictional unemployment equals structural unemployment.
• E) the sum of frictional,structural,and seasonal unemployment equals zero.

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Definitions:

Conciliation

A process in dispute resolution where an impartial third party, the conciliator, assists the conflicting parties to reach a voluntary, amicable settlement.

Mediation

A form of alternative dispute resolution where a neutral third party helps disputing parties find a mutually satisfactory solution to their conflict.

Diversity of Citizenship

A legal principle allowing federal courts to hear cases in which the parties are citizens of different states or countries.

Federal Substantive Law

Pertains to the body of law that creates, defines, and regulates the rights and duties of parties within the United States federal legal system.