Cyclical unemployment occurs because workers have no marketable job skills.

Name: Cyclical unemployment occurs because workers have no marketable job skills.
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Question

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Cyclical unemployment occurs when there is a downturn in the business cycle and overall demand for goods and services decreases, leading to fewer job opportunities. This type of unemployment is not due to a lack of job skills, but rather a temporary economic situation.

Cyclical Unemployment Occurs Because Workers Have No Marketable Job Skills