Asked by devanshi mehrotra on Jun 28, 2024
Verified
Unemployment caused by economic decline or recession is called
A) frictional unemployment.
B) cyclical unemployment.
C) natural unemployment.
D) necessary unemployment.
E) structural unemployment.
Cyclical Unemployment
Unemployment caused by fluctuations in the economic cycle, such as expansions and recessions, often related to changes in demand.
- Differentiate between cyclical, frictional, and structural unemployment.
Verified Answer
MB
Michelle BakerJun 30, 2024
Final Answer :
B
Explanation :
Cyclical unemployment is caused by downturns in the business cycle, often due to economic decline or recession. This type of unemployment is typically temporary and decreases as the economy improves.
Learning Objectives
- Differentiate between cyclical, frictional, and structural unemployment.
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