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) cyclically unemployment.
B) frictionally unemployment.
C) seasonally unemployment.
D) structurally unemployment.

Question

Quizplus · Accepted Answer

Cyclical unemployment occurs when there is not enough demand for goods and services in the economy, leading to job losses, as seen in the construction industry during a recession.

A Recession Causes a Decrease in the Demand for Housing