The economy is in an expansion and the housing market is growing. As a result of this, a home builder doubles his sales force. This would be best described as an example of a reduction in

Question

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Cyclical unemployment fluctuates with the economy's level of output or business cycle. In an expansion, when the housing market is growing, businesses often expand their workforce to meet increased demand, thus reducing cyclical unemployment.

The Economy Is in an Expansion and the Housing Market