If you have trouble finding a job because of a slowdown in the overall economy, we would say that you are
A)frictionally unemployed.
B)structurally unemployed.
C)cyclically unemployed.
D)seasonally unemployed.
E)naturally unemployed.

Question

Quizplus · Accepted Answer

Cyclical unemployment is caused by fluctuations in the business cycle, with higher unemployment during economic downturns or recessions. Therefore, if someone is having trouble finding a job due to a slowdown in the overall economy, they are experiencing cyclical unemployment. Frictional unemployment is when individuals are temporarily between jobs or are searching for new jobs, while structural unemployment is caused by changes in the structure of an industry or the economy that leaves workers with obsolete skills or unable to find work in their field. Seasonal unemployment is caused by predictable fluctuations in demand for labor during certain seasons, such as agriculture or tourism. Natural unemployment represents the unemployment rate associated with frictional and structural unemployment that occurs even in a healthy and growing economy.

If You Have Trouble Finding a Job Because of a Slowdown