A headline states, "Real GDP falls again as the economy slumps." This condition is most likely to produce what type of unemployment?

Question

Quizplus · Accepted Answer

The term "slumps" implies that the economy is in a recession or experiencing a downturn. During such a period, real GDP falls and businesses may cut jobs due to decreased demand for their goods and services. This leads to cyclical unemployment, which is caused by fluctuations in the business cycle.

A Headline States, "Real GDP Falls Again as the Economy