_____ unemployment is the result of changes in the business cycle.
A) Structural
B) Frictional
C) Seasonal
D) Cyclical

Question

Quizplus · Accepted Answer

Cyclical unemployment occurs due to changes in the business cycle, meaning that during times of economic recession or depression, there is a decrease in demand for goods and services, leading to a decrease in demand for labor and higher unemployment rates. Structural unemployment is due to changes in the structure of the economy itself, such as the decline of certain industries, while frictional unemployment is due to temporary factors such as job searching or relocation. Seasonal unemployment is due to regularly occurring fluctuations in demand for labor in certain industries, such as agriculture or tourism.

_____ Unemployment Is the Result of Changes in the Business