what type of unemployment does the business cycle illustrate * 1 point frictional structural seasonal…

what type of unemployment does the business cycle illustrate * 1 point frictional structural seasonal cyclical what includes all people age 16 and older who are classified as either employed and unemployed, * 1 point unemployment rate labor force gross domestic product

what type of unemployment does the business cycle illustrate * 1 point frictional structural seasonal cyclical what includes all people age 16 and older who are classified as either employed and unemployed, * 1 point unemployment rate labor force gross domestic product

Answer

Brief Explanations:

  1. The business cycle is related to fluctuations in economic activity. Cyclical unemployment occurs due to these ups - and - downs in the business cycle. Frictional unemployment is about the time it takes for workers to find new jobs, structural is due to a mismatch between skills and jobs, and seasonal is related to seasonal changes in demand for labor.
  2. The labor force includes all people age 16 and older who are classified as either employed or unemployed. The unemployment rate is a ratio of unemployed to the labor force, and Gross Domestic Product measures the value of all final goods and services produced within a country.

Answer:

  1. D. cyclical
  2. B. labor force