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

Question

Quizplus · Accepted Answer

Cyclically unemployed individuals are those whose employment is directly impacted by changes in the economy, particularly during economic recessions. Charles losing his job as a real estate salesperson due to a recession is the best example of cyclically unemployment. Mary losing her job due to a decrease in textile tariffs is an example of structurally unemployment. Alice quitting her job to enter college is an example of frictional unemployment. Bob entering the labor market after college is an example of a new entrant to the labor force.

The Best Example of a Cyclically Unemployed Individual Is