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Alek Hsiang Alek Hsiang
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4 years ago
During a recession, cyclical unemployment will increase. This increase in cyclical unemployment will

▸ have little or no effect on the equilibrium level of unemployment.

▸ either increase or decrease the equilibrium level of unemployment.

▸ decrease the equilibrium level of unemployment.

▸ increase the equilibrium level of unemployment.
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
Authors:
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katiewillkatiewill
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4 years ago
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Alek Hsiang Author
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Smart ... Thanks!
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Just got PERFECT on my quiz
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this is exactly what I needed
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