Question

Which of the following situations would be considered cyclical unemployment? Choose one or more: A. A typewriter repair shop closes, citing lack of business. The owner is quoted as saying, "We haven’t had a customer in weeks. It has something to do with people using computers." B. A recent college graduate cannot find a job anywhere, despite excellent qualifications. The news media report that there are not enough jobs to go around in the economy. C. A college instructor’s contract is not renewed because more people are taking online classes and the college does not need as many classroom instructors. D. A worker on the assembly line at Ford is laid off due to a drop in car sales brought on by a weak economy. E. A friend wins the lottery and quits working. He says he will never work again. F. A friend is taking a trip around the world while she waits for another job offer. She has been offered six jobs but has not accepted any of them.

Answer 1

Answer:

Which of the following situations would be considered cyclical unemployment?

B-D

Explanation:

D. A worker on the assembly line at Ford is laid off due to a drop in car sales brought on by a weak economy.

B. A recent college graduate cannot find a job anywhere, despite excellent qualifications. The news media report that there are not enough jobs to go around in the economy.