A downturn in the business cycle in which there is a sustained high level of unemployment is called

Related MCQs

• A sustained reduction in the general level of prices is called:
• A measurement of unemployment based on the number of people out of work and claiming unemployment benefits is called in terms of economic theory
• Which curve shows the inverse relationship between unemployment and inflation rates?
• Enterprise is the controlling unit of a business. The operating unit of a business is called:
• In India, disguised unemployment is generally observed in -
• Nature of unemployment in agriculture in India is -
• Structural unemployment arises due to :
• The economist who believed that unemployment is impossible and that market mechanism has a built in regulatory system to meet any ups and downs -
• The currency traded in a foreign exchange market for which demand is persistently high relative to supply is called:
• If the tax rate increases with the higher level of income, it shall be called -