Sean has lost his job at the New York Stock exchange because the country has fallen into a deep recession. What kind of unemploy

Question

Korvikt [17]

3 years ago

13

Sean has lost his job at the New York Stock exchange because the country has fallen into a deep recession. What kind of unemploy

ment is Sean experiencing?

Social Studies

2 answers:

avanturin [10] · Answer 1 · 2022-07-27T00:46:45+03:00

The answer is "<span>cyclical unemployment".

Cyclical unemployment is a factor of general joblessness that identifies with the repetitive patterns in development and creation that happen inside the business cycle. At the point when business cycles are at their pinnacle, repetitive joblessness will be low since add up to financial yield is being amplified.
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zzz [600] · Answer 2 · 2022-07-27T02:47:02+03:00

Answer:

A. Cyclical Unemployment

Explanation:

Recession is part of the business cycle. Therefore, Sean is experiencing cyclical unemployment. His job loss is because the overall economy is doing poorly, not because an industry has fundamentally changed (structural) or because the time of year has changed (seasonal).