on the business cycle, what is the line running to the right?\ncpi\nreal gdp\ntime\nunemployment rate\nwhat…

on the business cycle, what is the line running to the right?\ncpi\nreal gdp\ntime\nunemployment rate\nwhat type of unemployment does the business cycle illustrate?\nfrictional\nstructural\nseasonal\ncyclical

on the business cycle, what is the line running to the right?\ncpi\nreal gdp\ntime\nunemployment rate\nwhat type of unemployment does the business cycle illustrate?\nfrictional\nstructural\nseasonal\ncyclical

Answer

Brief Explanations:

  1. In a business - cycle graph, the x - axis typically represents time as business cycles occur over time. So, for the first question, time is the variable running to the right.
  2. The business cycle is related to cyclical unemployment. Cyclical unemployment occurs due to fluctuations in the business cycle, such as recessions and expansions. Frictional unemployment is due to normal job - switching, structural is due to a mismatch between skills and jobs, and seasonal is due to seasonal changes in demand for labor.

Answer:

  1. C. Time
  2. D. cyclical