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Q11. Consider the following statements about unemployment: 1. Cyclical unemployment occurs when there is not enough aggregate demand in the economy to provide jobs for everyone who wants to work. 2. Frictional unemployment occurs when people change from one to another and remain unemployed during this interval period. Which of the above statements is/are correct? |
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Answer» Q11. Consider the following statements about unemployment: 1. Cyclical unemployment occurs when there is not enough aggregate demand in the economy to provide jobs for everyone who wants to work. 2. Frictional unemployment occurs when people change from one to another and remain unemployed during this interval period. Which of the above statements is/are correct? |
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