In the short-run macro model,cyclical unemployment is caused by insufficient spending.

Name: In the short-run macro model,cyclical unemployment is caused by insufficient spending.
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In the short-run macro model, cyclical unemployment is caused by insufficient spending, which results in a decrease in demand for goods and services, leading firms to lay off workers. Thus, when aggregate demand is low, there is a higher likelihood of cyclical unemployment.

In the Short-Run Macro Model,cyclical Unemployment Is Caused by Insufficient