Cyclical unemployment is A. unemployment caused by time delays in matching available jobs and...
Question:
Cyclical unemployment is
A. unemployment caused by time delays in matching available jobs and workers.
B. unemployment caused by changes in the industrial makeup of an economy.
C. unemployment caused by economic downturns.
D. when workers stop looking for jobs because they feel no jobs are available for them.
E. not one of the three types of unemployment.
Unemployment Rate:
In economics, there are three types of unemployment: frictional, cyclical and structural. Natural unemployment is the rate of unemployment when cyclical unemployment is zero.
Answer and Explanation: 1
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View this answerThe answer is C).
Cyclical unemployment is the type of unemployment that is caused by business cycles, especially recessions. When an economy is...
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Cyclical Unemployment: Definition & Examples
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