The Cost of Cyclical Unemployment Is Also Called

question 42

Multiple Choice

The cost of cyclical unemployment is also called:

• A) real GDP.
• B) the GDP surplus.
• C) the inflation gap.
• D) potential output minus actual output.

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Definitions:

Plump

Having a full, rounded shape; often used to describe a slightly overweight or well-nourished appearance.

Prosperity

A state of flourishing, success, or good fortune, particularly in terms of financial or material wealth.

Laziness

A lack of willingness to act or exert effort, often resulting in inactivity or avoidance of work.

Thrifty Metabolism

A theory suggesting some individuals' bodies are more efficient at storing fat and using energy, historically advantageous but now possibly linked to obesity.