Cyclical Unemployment Is

question 231

Multiple Choice

Cyclical unemployment is

• A) the difference between the unemployment rate when the economy is in a recession and the unemployment rate when the economy is at the peak of an expansion.
• B) the difference between the actual unemployment rate and the natural rate of unemployment.
• C) the unemployment due to union activities and government-imposed restrictions to entry into specific occupations.
• D) the unemployment due to the unemployment benefits and welfare programs of the government.

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Definitions:

Ireland

An island in the North Atlantic, separated from Great Britain to its east by the North Channel, the Irish Sea, and St George's Channel, comprising the Republic of Ireland and Northern Ireland.

Francis Ferdinand

Archduke Franz Ferdinand of Austria was the heir to the Austro-Hungarian Empire, whose assassination in 1914 sparked the beginning of World War I.

German Government

The political leadership and institutions that govern Germany, including the federal and state levels, following democratic and legal principles.

Austria-Hungary

A multinational empire in Central Europe formed by a dual monarchy of Austria and Hungary, which existed from 1867 until its dissolution in 1918 following World War I.