During the severe recession of the early 1980s, cyclical unemployment increased as the recession continued. This increase in cyclical unemployment would have

Question

Quizplus · Accepted Answer

Cyclical unemployment is directly related to the macroeconomic situation, such as a recession, and does not affect the natural rate of unemployment, which is the long-term, non-cyclical unemployment rate that exists even when the economy is at full capacity.

During the Severe Recession of the Early 1980s, Cyclical Unemployment