Cyclical unemployment can be mitigated by keeping the economy on a steady, low-inflationary, solid growth path.

Name: Cyclical unemployment can be mitigated by keeping the economy on a steady, low-inflationary, solid growth path.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cyclical unemployment is primarily caused by downturns in the business cycle, such as recessions. By keeping the economy growing steadily with low inflation, the likelihood of recession is reduced, thus reducing cyclical unemployment.

Cyclical Unemployment Can Be Mitigated by Keeping the Economy on a Steady