Answer:
(D) The cyclical unemployment
Explanation:
Business activity is subject to the comings and goings of private initiative, so the expansion and recession phases of the economy affect the number of unemployed.
<u>Cyclical unemployment</u> increases considerably during times of recession, due to the deterioration of economic conditions; while decreasing in the stages of expansion, due to the improvement of the economy.
Governments try to reduce the incidence of this type of unemployment by softening the transition between different economic cycles. The objective is that the labor supply does not vary significantly between the stages of expansion and recession so that its demand is not excessively impaired.
There are four chararacteristics, which are:
1. Relatively few transactions affect the account balances, but each transaction is often highly material
2. The exclusion or misstatement of a single transaction can be material
3. A legal relationship exists between the client entity and the holder of the stock, bond, or similar ownership document
4. A direct relationship exists between the interest and dividends accounts and debt and equity
The rights which Nobel economist Friedrich von Hayek, law that secures and was a prerequisite to private enterprise is
<h3>What is Property Rights?</h3>
This refers to the inalienable rights which a property owner has as to how he chooses to rent, lease, let or sell his property or live there.
With this in mind, we can see that the main thing which Friedrich von Hayek believed was a prerequisite to private enterprise was property rights.
Read more about property rights here:
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