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Zarrin [17]
3 years ago
7

At which point on the business cycle would most likely find cyclical unemployment?

Business
1 answer:
marshall27 [118]3 years ago
3 0

Answer:

Recession cycle

Explanation:

Cyclical unemployment is the nature of unemployment caused by the natural cyclical trends in the economy.  The economy undergoes seasons of boom and downturns. These seasons occur repetitively in a country from time to time.

When the economy is experiencing growth(boom or expansion), the production level is high, resulting in the creation of many job opportunities. During recessions ( economic downturns), demand and production decline leading to loss of jobs. The rate of unemployment increases. The type of unemployment created by the decline in economic activities is cyclical unemployment.

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Answer:

e. a and c

Explanation:

The law of demand states that the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. This occurs because of the law of diminishing marginal utility.

The law of diminishing marginal utility states that the more of a commodity is consumed, the lower the utility derived from the consumption of the product.

It follows that Jorge and karissa would demand less of pencils and sweaters as their prices rise.

The demand curve is usually downward sloping to illustrate the law of demand.

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