How Is 'Cyclical Unemployment' Defined

question 3

Multiple Choice

How is 'cyclical unemployment' defined?

• A)Unemployment due to an economic contraction or recession.
• B)Unemployment due to changes in the structure of the economy.
• C)Unemployment that occurs when people are searching for their first job.
• D)Unemployment that occurs when people become discouraged and stop looking for work.

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Definitions:

Obligation

An obligation, either ethical or legal, to carry out or avoid a particular action.

Order Of

Pertains to the sequence or arrangement of things following a particular pattern or rule.

HDC Status

Status as a Holder in Due Course, which refers to a holder of a negotiable instrument who took it for value, in good faith, and without notice of any defect or claim.

Security

A measure or mechanism put in place to protect against unauthorized access, alteration, or destruction of data or physical property.