Sarah lost her job at the bank because the economy is in a recession. This layoff is an example of cyclical unemployment.
A recession is an economic contraction whenever there is a slowdown in economic activity. The economic cycle is made up of recesions and booms. During an economic recession investment, production, incomes and profits decrease.
Cyclical unemployment go hand in hand with the cyclical trends in growth and production, that make up part of the economic cycle. Whenever there is a recession there tends to be unemployment.
This is called a
"Tragedy".<span>It is a show or other artistic work that relates the fall or hardship
of a person who, while experiencing sufferings, cop with that responsibly and
deals with the circumstances and problems that he or she faces, and who in this
way exhibits the value of human exertion and human presence.</span>
