During the recession of 2008-2009, cyclical unemployment increased as the recession continued. This increase in cyclical unemployment would have

Question

Quizplus · Accepted Answer

Cyclical unemployment is associated with the ups and downs of the economy and does not affect the natural rate of unemployment, which is the long-term rate of unemployment determined by structural factors in the labor market.

During the Recession of 2008-2009, Cyclical Unemployment Increased as the Recession