Which of the following situations BEST describes an individual who is cyclically unemployed?
A)Catherine is a ski instructor who is not working because it is summer.
B)Nicholas was laid- off when orders for Holden cars fell during a recession.
C)Susan quit her job as a preschool teacher to try to find a better paying job.
D)Matthew was an artillery man, but he has been unable to find work since he left the army.

Question

Quizplus · Accepted Answer

Cyclical unemployment occurs when there is not enough demand for goods and services in the economy, leading to a reduction in production and the need for fewer workers. Nicholas's situation, being laid off due to a recession, is a classic example of cyclical unemployment.

Which of the Following Situations BEST Describes an Individual Who