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Question: 1 recession 2 trough which is the worst type...

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1) Recession 2) trough - Which is the worst type of un 3) expans 4) 4. employment (CIRCLE ONE: Cyclical, Frictional, Structural) WHY 5. Define the following types of products and give an example of each typs: a) Durable Good- b) Nondurable Good- c) Capital Good- d) Service- e) Which of the above productis) are affected the most by a business eycle? WHY? 6. Which demographic group (CIRCLE ONE: Professional, Women, African American, Ages 16- 19, College Graduate) typically has the highest unemplovment rate? WHY?
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