Which of the following results from a change in the business cycle,ceteris paribus?
A)Frictional unemployment.
B)Cyclical unemployment.
C)Structural unemployment.
D)Structural deficit.

Question

Quizplus · Accepted Answer

A change in the business cycle typically results in cyclical unemployment, which is a type of unemployment that occurs due to a downturn in the economy. This is in contrast to frictional unemployment, which occurs when workers are in between jobs or transitioning to new careers, and structural unemployment, which results from a mismatch between the skills of workers and the demands of the job market. A structural deficit, on the other hand, refers to a budget deficit that persists even after accounting for changes in the business cycle.

Which of the Following Results from a Change in the Business