Respuesta :
1). Frictional ⇒ the type of unemployment experienced by students who have graduated and are looking for jobs
2). Inflation ⇒ an increase in the general price level for most goods
and services
3). Economic stability ⇒ consistent growth combined with low inflation
4). Macroeconomics ⇒ the study of the economy as a whole
5). Cyclical ⇒ the type of unemployment that occurs when the economy is in a downturn
What is economy?
Economy refers to the set of inter-related production and consumption activities that used in determining how to allocate the scarce resources.
It is a system in which goods and services are produced and exchanged.
Some of the major economic terms are demand, supply, scarce, employment, income etc.
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