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Cyclical unemployment is closely associated with
a. long-term economic growth.
b. short-run ups and downs of the economy.
c. fluctuations in the natural rate of unemployment.
d. changes in the minimum wage.

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Nestor Rutherford
Nestor RutherfordLv2
22 Feb 2020
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Related questions

Business fluctuations refer to

A. the ups and downs in overall business activity measured by changes in nationalโ€‹ income, employment, and the price level.

B. the natural rate of unemployment with the emphasis on the level of frictional unemployment.

C. the various types of unemployment.

D. the losers and gainers from anticipated and unanticipated inflation.

The term business cycle refers to the :


A) short-term ups and downs in the price level.
B) long-term trends in the price level.
C) short-term ups and downs in the level of economic activity.
D) long-term trends in the level of economic activity

In the long run, the unemployment rate equals

a. zero

b. the cyclical rate of unemployment

c. the natural rate of unemployment.

d. the sum of the cyclical and natural rate of unemployment.

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