Which of the following is true of seasonal unemployment?
A) It is not included in calculating the natural rate of unemployment.
B) It is reflected in the GDP gap.
C) It is always present, even in a healthy economy.
D) It causes the natural rate of unemployment to rise.
E) It inflates potential GDP.

Question

Quizplus · Accepted Answer

Seasonal unemployment is a type of unemployment that occurs at certain times of the year when demand for labor in certain industries is lower. It is always present in a healthy economy due to the nature of certain jobs being seasonal, such as agriculture or tourism.

Which of the Following Is True of Seasonal Unemployment