Examlex
Explain why accurately timing the fiscal policy may be more difficult than accurately timing of monetary policy.
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Cyclical Unemployment
The increase in unemployment that occurs during recessions and downturns in the economic cycle, typically resulting from a decreased demand for goods and services.
Structural Unemployment
Unemployment caused by a mismatch between the skills or location of workers and the requirements of the job market.
Frictional Unemployment
Short-term unemployment that occurs when individuals are between jobs or entering the labor market for the first time.
Consumer Price Index
A gauge that assesses the combined average prices of a variety of consumer products and services, encompassing transportation, food, and medical attention.
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