Lois worked for Champion Auto Retailer and was laid off when car sales fell during a recession with falling incomes. This is an example of

Name: Lois worked for Champion Auto Retailer and was laid off when car sales fell during a recession with falling incomes. This is an example of
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Lois's layoff was a result of the economic recession and falling incomes, indicating a downturn in the business cycle. Therefore, her unemployment is an example of cyclical unemployment.

Lois Worked for Champion Auto Retailer and Was Laid Off