Answer:
The <u>CYCLICAL</u> unemployment rate while Economy X is <u>GROWING IS</u> 0%. The 5% unemployment rate is due to structural and <u>FRICTIONAL</u> factors.
Explanation:
there are basically three types of unemployment:
- Frictional unemployment: voluntary and takes place when someone quits his/her job because they want to find a better job.
- Structural unemployment: is not voluntary and happens when the workers do not possess the required skills to fill vacant jobs.
- Cyclical unemployment: is not voluntary and happens when the economy is contracting and the businesses are forced to lay off workers.
Answer:
not including something
Explanation:
errors of omission a mistake that consists of not doing something you should have done, or not including something such as an amount or fact that should be included
example
I sell you a house not telling you that the house is in a lake
The saving rate from the highest to the lowest would be :
Traditional Banks +/- 5 % of rates
Online banks +/- 4 % of rates
Credit Union +/- 2.5 % of rates
hope this helps
In macroeconomics, the word "aggregate demand" is used to define the total demand for commodities produced domestically, including capital goods, consumer goods, and services.
<h3>What do you mean by aggregate demand ?</h3>
However, aggregate demand identifies the complete market for all goods and services that an economy generates and expresses it as an overall dollar value. A nation might have a $1 billion annual aggregate demand for products and services, for instance.
A macroeconomic concept known as "aggregate demand" refers to the total demand for products and services during a specific time period at any given price level. Since the two indicators are calculated in the same way, aggregate demand is equal to GDP over the long run.
the total amount of products and services that will be consumed in the economy at all price points.
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