The Type of Unemployment That Occurs Because of a Recession

question 87

Multiple Choice

The type of unemployment that occurs because of a recession is called:

• A)​frictional unemployment.
• B)​seasonal unemployment.
• C)​the natural rate of unemployment.
• D)​cyclical unemployment.

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Definitions:

Balance Sheet

A report detailing a corporation's assets, liabilities, and equity held by shareholders at a particular moment.

Equity

Ownership interest in a company, represented by shares, which gives shareholders a claim on part of the company's assets and earnings.

Equity Financed

The method of raising capital through the sale of shares in a company.

Retained Earnings

The portion of a company’s profit that is held back and not distributed to shareholders as dividends, to be reinvested in the business.