What is the term for unemployment caused by a contraction in the economy?
A)seasonal unemployment
B)structural unemployment
C)frictional unemployment
D)cyclical unemployment

Question

Quizplus · Accepted Answer

Cyclical unemployment is caused by a contraction in the economy which typically occurs during a recession or period of economic downturn. This type of unemployment is directly related to the business cycle and can often result in significant job losses across entire industries.

What Is the Term for Unemployment Caused by a Contraction