In 2016 thousands of workers were laid-off in Alberta's oil and gas sector due to low prices for crude oil.Workers outside the oil and gas sector who lose their jobs due to the increase in unemployment would be classed as
A)cyclically unemployed.
B)structurally unemployed.
C)seasonally unemployed.
D)frictionally unemployed.
E)under employed.

Question

Quizplus · Accepted Answer

Cyclical unemployment occurs when there is not enough demand for goods and services in the economy, leading to job losses. The layoffs in Alberta's oil and gas sector due to low crude oil prices would reduce overall economic activity, leading to increased unemployment in related sectors. This is a classic example of cyclical unemployment.

In 2016 Thousands of Workers Were Laid-Off in Alberta's Oil