Cyclical unemployment: a) rises during recession. b) falls during recession. c) rises during expansion. d) is a part of natural

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1 year ago

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unemployment.

1 answer:

dimulka [17.4K] · Answer 1 · 2024-04-01T08:21:52+03:00

Cyclical unemployment: rises during a recession

<h3><u>What is Cyclical unemployment ?</u></h3>

Cyclical tendencies in growth and output, as shown by the GDP, that take place throughout the economic cycle are what are meant by cyclical unemployment.
Cyclical unemployment is defined by economists as the situation that arises when firms don't have enough demand for labor to hire all people who are searching for work at that particular stage of the business cycle.
There may be a commensurate decrease in supply output to make up for a loss in demand for a good or service.
To fulfill the lower norm of production volume, fewer workers are needed when supply levels are cut.
The corporation will discharge any employees who are no longer required, which will result in their unemployment.

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