Question
Cyclical unemployment relates to the level of unemployment resulting from
A.
inefficiencies in labor markets.
B.
periods of transition between jobs.
C.
fluctuations in the overall rate of economic activity.
D.
real wages being set above the market clearing level.
A.
inefficiencies in labor markets.
B.
periods of transition between jobs.
C.
fluctuations in the overall rate of economic activity.
D.
real wages being set above the market clearing level.
Answers
Answered by
GPT 3.5
C. fluctuations in the overall rate of economic activity.