Cyclical Unemployment Arises When

question 40

Multiple Choice

Cyclical unemployment arises when

• A)unskilled or low-skilled workers find it difficult to obtain desirable, long-term jobs.
• B)labor must be reallocated from industries that are shrinking to areas that are growing.
• C)workers must search for suitable jobs and firms must search for suitable workers.
• D)output and employment are below full-employment levels.

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Definitions:

Zone of Interests

A legal concept that determines whether a party has sufficient stake in a controversy or issue to bring a lawsuit based on statutory or constitutional standing requirements.

Administrative Remedies

Non-judicial solutions provided by governmental agencies for resolving disputes or addressing complaints.

Major Rule

The major rule, often in the context of administrative law, refers to a principle that significant regulatory actions or policies should undergo extensive review and possibly require congressional approval due to their potential impact.

Office of Management and Budget

A U.S. government office responsible for developing the federal budget and overseeing the effective implementation of government financial policies and programs.