Suppose the country of Quasiland experienced a decrease in real GDP and people were laid off from their jobs. These people would be considered part of
A)structural unemployment.
B)cyclical unemployment.
C)discouraged workers.
D)frictional unemployment.

Question

Quizplus · Accepted Answer

Cyclical unemployment occurs when there is a downturn in the economy, such as a decrease in real GDP, leading to job losses.

Suppose the Country of Quasiland Experienced a Decrease in Real