A mild period of falling incomes and rising unemployment is called a:       A.  business cycle     B.  boom     C.  recession     D.  depression

What is likely to happen to unemployment rates when a country experiences an economic boom? A. Unemployment rates will increase. B. Unemployment rates will decrease. C. Unemployment rates will remain unchanged. D. Unemployment rates will initially decrease, then sharply increase.

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The unemployment which is in excess of the NAIRU is called _____. A.seasonal unemployment B.frictional unemployment C.structural unemployment D.hidden unemployment E.cyclical unemployment

A relatively mild period of falling incomes and rising unemployment is called a(n)a. depression.b. recession.c. expansion.d. business cycle.

If the number of employed people equals 185 million, the number of unemployed people equals 15 million, and the number of people in the population aged 16 and older equals 210 million, then   a. the unemployment rate equals 7.14% and the labor force participation rate equals 95.2%.   a. the unemployment rate equals 7.23% and the labor force participation rate equals 85.7%.   a. the unemployment rate equals 7.5% and the labor force participation rate equals 92.9%.   a. the unemployment rate equals 7.7% and the labor force participation rate equals 92.9%.   a. the unemployment rate equals 7.7% and the labor force participation rate equals 92.9%.

At a business cycle trough, cyclical unemployment is A. high; zero B. zero; low C. negative; positive D. positive; negative and at a business cycle peak, cyclical unemployment is

Which of the following statements is TRUE? a. the unemployment rate does not tell anything about the duration of unemployment.  b. the duration of unemployment increases during economic expansions.  c. the duration of unemployment decreases during recessions.  d. both A and B are correct.

Suppose that the unemployment rate is equal to the natural rate of unemployment. Which of the following is true?   a. The economy has a full employment.   b. Cyclical unemployment is negative.   c. Frictional unemployment becomes zero.   d. The economy is in recession.

If some of unemployed individuals became discouraged workers, which of the following would result?   a. The labor force would decrease and the unemployment rate would increase.   b. The labor force would increase and the unemployment rate would decrease.   c. The labor force would decrease and the unemployment rate would decrease.   d. The labor force would decrease and the unemployment rate would remain the same.   e. The labor force would increase and the unemployment rate would remain the same.