The Business Cycle Is Measured by the

question 27

Multiple Choice

The business cycle is measured by the

• A)production of goods and services.
• B)number of people employed.
• C)the interest rate.
• D)Both a and b are correct.

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Definitions:

Job Search

The process of looking for employment, involving the exploration of available positions and the submission of applications.

Structural Unemployment

A form of unemployment caused by fundamental changes in the economy that result in a significant mismatch between the skills workers offer and the skills demanded by employers.

Minimum Wages

The lowest legal salary per hour, day, or month that employers are allowed to pay their employees.

Unemployment

The situation of being without a job, while actively looking for one.