Leo Yoder lost his job as a result of a recession and would be described as experiencing cyclical unemployment.

Name: Leo Yoder lost his job as a result of a recession and would be described as experiencing cyclical unemployment.
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Question

Quizplus · Accepted Answer

Cyclical unemployment is caused by a downturn in the business cycle, and occurs when aggregate demand in an economy is insufficient to create full employment. Leo Yoder losing his job due to a recession would fit this definition.

Leo Yoder Lost His Job as a Result of a Recession