There is large scale of involuntary unemployment in the phase of business cycle.

Related MCQs

• Involuntary unemployment is almost zero in the phase of business cycle.
• The economy is said to be overheated at the _ phase of business cycle.
• Fall in the level of investments, fall in production, fall in employment, fall stock prices, etc. are found during phase of business cycle.
• Main reason for frictional unemployment is :
• A temporary unemployment which exists during the period of the transfer of labor from one occupation to another is called
• According to the Phillips curve unemployment will return to the natural rate when ?
• An unrealistically low unemployment target will most likely result in
• In business cycle, depression is followed by:
• A business cycle has:
• A business cycle is composed of ------phases: