What does cyclical unemployment refer to?
A) the relation between the probability of unemployment and a worker's years of experience
B) how often a worker is likely to be unemployed during her lifetime
C) year-to-year fluctuations of unemployment around its natural rate
D) long-term trends in unemployment

Question

Quizplus · Accepted Answer

Cyclical unemployment refers to the fluctuations in unemployment that occur due to changes in the business cycle, such as a recession or boom. It is different from structural or frictional unemployment, which are caused by long-term trends or mismatch between workers and job openings.

What Does Cyclical Unemployment Refer To