During an economic downturn,consumers spend considerably less on goods and services.This results in layoffs that are classified as

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Cyclical layoffs are a result of the ups and downs of the business cycle. During an economic downturn or recession, demand for goods and services decreases, leading to a decrease in production and therefore layoffs. This is different from structural or frictional layoffs, which are caused by long-term changes in the economy or individual industries, and seasonal layoffs, which occur regularly during certain times of the year.

During an Economic Downturn,consumers Spend Considerably Less on Goods and Services.This