Unemployment that arises when there is a general downturn in business activity is known as

Related MCQs

• The field of economics that is now called Macroeconomics grew out of the era of the Great Depression, which saw the economy experience a prolonged downturn and persistent high unemployment. Classical economics could not explain these problems because its models assumed all of the following EXCEPT
• During the downturn portion of a business cycle, the economy is characterized by
• Unemployment that arises due to regional occupational pattern of job vacancies, which does not match the pattern of workers availability and suitability, is known as
• If the actual rate of unemployment exceeds to natural rate of unemployment then
• The external environment factor that includes: Factors that have a less immediate effect on a business such as the nation's rate of inflation or recession, unemployment rate, or standard of living, is
• The type of unemployment that includes those persons who are unemployed for an intervening period of change over in job for better job is known as
• In an agricultural family all the family members are working the farmland of the family. Due to addition of two more person in the family they are also working in the farmland of the family with no additional increase in farm output. This type of unemployment is known as
• Cost push inflation arises due to
• If the available workers are unaware of the jobs being offered and the employers are not aware of the available workers, such type on unemployment is called
• Natural rate of unemployment increases due to