Which one of the following people is cyclically unemployed?
A)a Nova Scotia fishery worker who is searching for a better job closer to home
B)a steel worker who is laid off but who expects to be called back soon
C)a student who recently graduated and is looking for work
D)a Saskatchewan welder who lost her job when her company relocated to B.C.and is currently looking for a job
E)an office worker who has lost her job because of a general slowdown in economic activity

Question

Quizplus · Accepted Answer

Cyclical unemployment is directly related to the level of economic activity. An office worker losing their job due to a general economic slowdown is an example of cyclical unemployment, as it reflects a decrease in demand for goods and services within the economy, leading to job losses.

Which One of the Following People Is Cyclically Unemployed