The Type of Unemployment Associated with Recessions Is Called

question 86

Multiple Choice

The type of unemployment associated with recessions is called

• A) frictional unemployment.
• B) structural unemployment.
• C) cyclical unemployment.
• D) seasonal unemployment.

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Definitions:

Tutor

An individual who provides personal, academic instruction or guidance to another, usually in a one-on-one setting.

Accord and Satisfaction

A legal settlement in which a dispute is resolved by the parties agreeing (accord) and performing (satisfaction) a negotiated agreement, often involving a payment different from what was originally due.

Substituted Contract

An agreement that replaces an existing contract, typically with the consent of all parties involved, establishing new terms and obligations.

Novation

The act of replacing one party in a contract with another party, or altering the terms of a contract, with all parties' consent, resulting in a new agreement.