Unemployment which results form an overall lack of job vacancies induced by a re

Question

Unemployment which results form an overall lack of job vacancies induced by a recession is termed: Frictional unemployment Seasonal unemployment Structural unemployment. Cyclical unemployment The natural rate of unemployment is the unemployment rate that would exist in the abscnce of Structural unemployment Cyclical unemployment Seasonal unemployment Frictional unemployment At potential real GDP. There is zero unemployment There is no seasonal unemployment There is no frictional unemployment Unemployment is at its natural rate

Explanation / Answer

15. Cyclical unemployment.

16. Cyclical unemployment.

Explanation: The natural rate of unemployment is the unemployment that would exist in the absences of cyclical unemployment. The natural rate of unemployment is achieved when labor markets are in balance. That is the number of job seekers equals the number of job vacancies. At this point the economy's potential output is being achieved.

17. unemployment is at its natural rate.

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