When the Economy Is in Long-Run Equilibrium, There Will Be

question 55

Multiple Choice

When the economy is in long-run equilibrium, there will be

• A) no unemployment.
• B) frictional and structural unemployment.
• C) cyclical unemployment only.
• D) cyclical and seasonal unemployment.

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Definitions:

Critical

Expressing adverse or disapproving comments or judgments.

Unconscious Conflict

A struggle or clash of opposing impulses, desires, or tendencies within the subconscious mind.

Anxiety

A psychological and physiological state characterized by somatic, emotional, cognitive, and behavioral components of apprehension, tension, or fear.

Freud

Refers to Sigmund Freud, the founding father of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.