Suppose the country of Quasiland experienced a decrease in real GDP and people were laid off from their jobs. The people would be considered part of
A) discouraged workers.
B) structural unemployment.
C) cyclical unemployment.
D) frictional unemployment.

Question

Quizplus · Accepted Answer

Cyclical unemployment occurs when there is a downturn in the economy, such as a decrease in real GDP, leading to job losses.

Suppose the Country of Quasiland Experienced a Decrease in Real