Cyclical unemployment is one associated with
ECONOMICS
WAEC 2014
Cyclical unemployment is one associated with
- A. inadequate information
- B. trade fluctuations
- C. structural changes
- D. seasonal changes
Correct Answer: B. trade fluctuations
Explanation
Cyclical unemployment is unemployment that results when the overall demand for goods and services in an economy cannot support full employment. Cyclical unemployment is when workers lose their jobs because of downturns in the business cycle.
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