Asked by Briah Hightower on Apr 29, 2024
Verified
Juanita worked for a defense contractor in the United States.During the 2008 recession,the government cut spending and Juanita and ninety-nine others were laid off.In such a case,the unemployment Juanita is experiencing is _____.
A) cyclical
B) structural
C) seasonal
D) frictional
E) voluntary
Cyclical
Referring to fluctuations in economic activity that occur in cycles, often related to changes in business conditions.
Defense Contractor
A business organization that provides products or services to a military or national security department of a government.
Recession
A temporary economic slump, associated with a drop in business and manufacturing activities, commonly distinguished by a successive decline in GDP across two quarters.
- Grasp the ties between fluctuations in the economy and the various manifestations of unemployment.
Verified Answer
Learning Objectives
- Grasp the ties between fluctuations in the economy and the various manifestations of unemployment.
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