Unemployment That Results from Business Recessions That Occur When Aggregate

question 245

Multiple Choice

Unemployment that results from business recessions that occur when aggregate demand is insufficient to create full employment is

• A) frictional unemployment.
• B) structural unemployment.
• C) cyclical unemployment.
• D) seasonal unemployment.

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Definitions:

Razor-And-Razor-Blade

A business model that sells a primary product at a low price (or gives it away) to drive the sales of related consumable products.

Disposable Unit

An item or component meant for a single use or limited time period before being discarded or replaced.

Smoker

An individual who consumes tobacco products through the act of smoking.

Direct Cross-Subsidies

Pricing a product or service above its market value to pay for the loss of giving away a product or service for free or below its market value.