During the Great Depression workers in DCs who took inferior jobs as a result of being laid off were known as ?
Correct answer: A. disguised unemployed
- A. disguised unemployed
- B. cyclical unemployed
- C. seasonally unemployed
- D. voluntarily unemployed
Explanation
Disguised unemployment can include workers pushed into jobs below their skills or previous level of employment, a pattern seen during severe downturns such as the Great Depression. Cyclical unemployment refers to job loss caused by the business cycle, not specifically accepting an inferior job.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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