Statement I: Cyclical Unemployment Is the Term Given to Workers

Statement I: Cyclical unemployment is the term given to workers who have been laid off because their skills are no longer in demand.
Statement II: At any given time about five percent of the labor force is frictionally unemployed.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.