Which of the Following Types of Unemployment Is Likely to Exist

question 68

Multiple Choice

Which of the following types of unemployment is likely to exist in an economy that is at its potential output level?

• A)Cyclical unemployment only
• B)Structural unemployment only
• C)Frictional,cyclical,and seasonal unemployment only
• D)Frictional,seasonal,and structural unemployment only
• E)Seasonal unemployment only

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Definitions:

Net Income

The total earnings of a company after all expenses and taxes have been deducted from revenue.

Times Interest Earned

A financial metric indicating how many times a company can cover its interest payments with its earnings before interest and taxes.

Tax Rate

The proportion, usually expressed as a percentage, at which an individual or corporation is taxed.

Net Income

The total profit or loss of a company after all expenses, taxes, and costs have been subtracted from total revenue.