Which of following people can be classified as cyclically unemployed?
A)Ben, who worked in an auto assembly plant but was laid off when the company downsized due to poor market conditions
B)Thomas, who works as an online customer service agent for a company in a different country
C)Fred, who was fired for shirking on his job as a forklift operator
D)Ted, who left his previous job in order to be a stay-at-home parent for three years and now needs retraining in order to have the necessary skills to secure employment in his field

Question

Quizplus · Accepted Answer

Cyclic unemployment is caused by fluctuations in the business cycle, resulting in job losses due to lower demand for goods and services. Ben's layoff due to downsizing in a poor market condition is an example of cyclical unemployment. The other options do not fit this definition. Thomas has a stable job in a different country, Fred was fired for misconduct, and Ted left voluntarily for personal reasons.

Which of Following People Can Be Classified as Cyclically Unemployed