Question

pregunta 19 (3 puntos)
all of the following were specific reasons given that the business cycle occurs except:

1. consumer expectations 3. internal issues 5. changes in interest rates
2. consumer choice 4. business decisions 6. external issues

a 2 and 5
b 1 and 5
c 2 and 3
d 4 and 6

pregunta 20 (3 puntos)
____ unemployment is caused when workers do not have the skills to fill open positions.

a cyclical
b structural
c fiscal
d frictional

Explanation:

Step1: Identify valid reasons

Valid reasons for business cycles include consumer expectations (1), internal issues (3), business decisions (4), external issues (6).

Step2: Identify exceptions

Consumer choice (2) and changes in interest rates (5) are not specific reasons listed for business cycles.

Structural unemployment arises from a mismatch between workers' skills and job requirements, which matches the description. Cyclical unemployment relates to business cycles, frictional to temporary transitions, and fiscal is not a type of unemployment.

Answer:

a. 2 and 5