The Costs of Cyclical Unemployment Can Be Minimized By

question 223

Multiple Choice

The costs of cyclical unemployment can be minimized by:

• A) providing training for individuals who have lost their job and who want a new career.
• B) providing training for individuals who have a job.
• C) providing training for new entrants into the labor force.
• D) keeping the economy on a steady,low-inflationary growth path.

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Definitions:

Rationality

The quality of being based on or in accordance with reason or logic, often referring to the ability of individuals to make decisions based on logical processes and empirical evidence.

Behavior

How an individual or collective responds to stimuli coming from either their environment or internally.

Collective Behavior

Actions or behaviors exhibited by groups of people who may be temporary and diverse, out of societal norms under the influence of certain stimuli.

Social Rewards

Benefits or reinforcements provided by society for actions considered beneficial or conforming to norms.