Which Type of Unemployment Increased the Most During the 2007-2009

question 157

Multiple Choice

Which type of unemployment increased the most during the 2007-2009 recession?

• A) cyclical unemployment
• B) frictional unemployment
• C) structural unemployment
• D) search unemployment

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Definitions:

Inventory

The total amount of goods and materials held in stock by a business, including raw materials, work-in-progress, and finished goods.

Labor Force

The total number of people employed or actively seeking employment in a specified market or economy.

Tangible Capital

Physical assets owned by a firm or individual that are used in the production process, such as machinery, buildings, and equipment.

Intangible Capital

Non-physical assets possessed by a company, such as intellectual property, brand recognition, and goodwill.