The best example of a cyclically unemployed individual is
A) Bob who has just graduated from college and is entering the labor market.
B) Alice who quit her job to enter college.
C) Mary who lost her job in the textile industry following a decrease in the tariff on textiles.
D) Charles who lost his job as a real estate salesperson when the housing market went soft because of a recession.

Question

Quizplus · Accepted Answer

Cyclically unemployed individuals are those who lose their jobs due to changes in the business cycle, such as a recession or economic downturn. Charles losing his job as a real estate salesperson during a housing market recession is the best example of cyclic unemployment. Bob entering the labor market, Alice quitting her job to enter college, and Mary losing her job due to changes in trade policies are not examples of cyclic unemployment.

The Best Example of a Cyclically Unemployed Individual Is