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Secure https//bbhosted cuny.edu/webapps/assessment/take/launch.pprcourse assessment.id 1087591 1course id _1405646 1content id 33288384 Remaining Time: 1 hour, 41 minutes, 21 seconds Question Completion Status QUESTION 26 The business cycle shows O A Fluctuations in gemeral price evel 8. The phases a business goes through trom when it first opens to when&naly; closes O C The evolution of technology over Sime D Short-run Buctuations in output and employment QUESTION 27 A worker who looses his/her job due to obsolete skill i A Frictionaly oployed B Structurally unemployed C Seasonally unemployed OCydcally unemployed QUESTION 28 3 5 6 7 8 9

Explanation / Answer

Ans26) D is the correct option. Short-run fluctuations in output & employment. The business cycle is defined as fluctuations in the economic activities which can be recession or expansion.

Ans27) B is the correct option. structurally unemployed. Structural unemployment is a type of unemployment which is  caused by a mismatch between the skills that workers in the economy can offer, and the skills which are demanded by employers

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