Frictional and Structural Unemployment Both Exist

question 174

Multiple Choice

Frictional and structural unemployment both exist

• A) when inflation becomes very high.
• B) when the economy is in long-run equilibrium.
• C) only when the economy is at the peak of the business cycle.
• D) only when the economy is in recession.

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Definitions:

Wood Furniture

Items of furniture made from wood, valued for their aesthetic, durability, and environmental sustainability, ranging from seating to storage solutions.

Price Elasticity Of Supply

The percentage change in quantity supplied, divided by the percentage change in the price that caused the change in quantity supplied.

Immobile Factor

Refers to a factor of production that cannot easily be moved from one place to another, such as land or a fixed installation.

Supply Of Resource

The total amount of a commodity, product, or service available for use, sale, or distribution.