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Vethier 2016 Vethier 2016
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A month ago
Which of the following is TRUE of cyclical unemployment?

▸ Cyclical unemployment decreases during periods of economic boom.

▸ Cyclical unemployment is the deviation of the actual unemployment rate from the natural rate of unemployment.

▸ Cyclical unemployment increases during periods of economic boom.

▸ Cyclical unemployment is also known as frictional unemployment.
Textbook 

Macroeconomics


Edition: 3rd
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sandra15sandra15
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A month ago
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Cyclical unemployment is the deviation of the actual unemployment rate from the natural rate of unemployment.

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