According to Classical Economists, the Only Types of Unemployment That

question 20

Multiple Choice

According to classical economists, the only types of unemployment that exist in an economy are

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

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Definitions:

Accrual Basis Accounting

A financial recording system in which earnings and expenditures are logged when they happen, not necessarily when the payment is made or received.

Return on Assets

A financial ratio that measures how effectively a company is using its assets to generate profit, typically expressed as a percentage.

Debt Ratio

Debt ratio is a financial ratio that measures the extent of a company’s leverage, calculated by dividing total liabilities by total assets.

Profit Margin

A financial ratio that shows the percentage of revenue that exceeds the costs of goods sold, indicating the profitability of a business.