Smith has lost her job as sales manager of the Ajax corporation because of declining sales in the recent recession. Her job loss is an example of:

Name: Smith has lost her job as sales manager of the Ajax corporation because of declining sales in the recent recession. Her job loss is an example of:
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Question

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Smith's job loss due to declining sales in a recession is an example of cyclical unemployment, which occurs when there is not enough demand for goods and services in the economy, leading to job losses.

Smith Has Lost Her Job as Sales Manager of the Ajax