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:

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s to help recover from the Great Depression.

Rent Land

The act of leasing land for a specified period of time, often for agricultural, residential, or commercial use.

Black Farmers

Refers to agriculturalists of African descent who have historically faced socioeconomic disparities, yet contribute significantly to agriculture.

Political Clout

The influence or power one has within political realms to effect change or sway decisions.