Question

Cyclical unemployment a. has a different explanation than does the natural rate of unemployment. b. refers to the year-to-year fluctuation in unemployment around an economy's natural rate of unemployment. c. is closely associated with short-run ups and downs of economic activity. d. all of the above are correct.

Answer 1

The correct answer is:   [D]:     "all of the above are correct."

_______________________________________________________

         "Cyclical unemployment:

_______________________________________________________

•    [A]:   "has a different explanation than does the natural rate of unemployment."

•    [B]:  "refers to the year-to-year fluctuation in unemployment around an economy's natural rate of unemployment."

•    [C]:   "is closely associated with short-run ups and downs of economic activity."

____________________________________________________

 →  So;  the correct answer is:

____________________________________________________

 →   Answer choice:   [D]:   "all of the above are correct."

____________________________________________________