A recession causes a decrease in the demand for housing, resulting in substantial layoffs in the construction industry. The people laid off are considered
A)frictionally unemployed.
B)structurally unemployed.
C)seasonally unemployed.
D)cyclically unemployed.

Question

Quizplus · Accepted Answer

Cyclically unemployed refers to workers who lose their jobs due to economic downturns or recessions, which reduce demand for goods and services, including housing.

A Recession Causes a Decrease in the Demand for Housing