Friction unemployment -the unemployment which exists in any economy due to people being in the process of moving from one job to another. Cyclical unemployment- is the overall unemployment that results directly from cycles of economic upturn and downturn.
The options to fill in the gaps for the Long-run macroeconomic equilibrium are:
- equals
- intersects as a point on
<h3>What is macroeconomic equilibrium?</h3>
Macroeconomic equilibrium is an equilibrium situation that occurs when the quantities of the real GDP demanded equals the real GDP supplied at the point of intersection of the AD curve and the AS curve.
Long-run macroeconomic equilibrium occurs when aggregate demand equals short-run aggregate supply and they intersects as a point on the long-run supply curve.
In conclusion, Long-run macroeconomic equilibrium results in equilibrium of demand and supply of GDP.
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Critical consumption is based on ethical and political beliefs of the consumer.
<h3>
Critical consumption</h3>
Critical consumption is the process of either buying or not buying a specific product because of ones ethical or political beliefs.
The decision of either buying or not buying the product is as a result of the product characteristics such as<em> environmental sustainability and respect of workers’ rights.</em>
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Answer:
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Explanation:
Integrity refers to the protection of information from unauthorized modification or destruction. Ensuring integrity is ensuring that information and information systems are accurate, complete and uncorrupted.
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to get the correct answer on finding the values of a and b is of using Pythagoras theorem