Multiple Choice
A cutback in the space program due to a slow economy causes an increase in unemployment among aeronautical engineers. This is an example of
A) cyclical unemployment.
B) frictional unemployment.
C) seasonal unemployment.
D) structural unemployment.
Correct Answer:

Verified
Correct Answer:
Verified
Q198: Inflation can cause a misallocation of resources
Q199: How has the pattern of movements in
Q200: The estimate of the current natural rate
Q201: Cyclical unemployment occurs when<br>A) individuals enter the
Q202: In the United States, most often the
Q204: A person who is currently not working
Q205: When the economy is experiencing a contraction,
Q206: If the U.S. economy enters a recession,
Q207: An individual in the labor force whose
Q208: Frictional unemployment would increase when<br>A) migrant workers