Unemployment that results from an economy-wide downturn is called:
A)frictional unemployment.
B)cyclical unemployment.
C)structural unemployment.
D)seasonal unemployment.

Question

Unemployment that results from an economy-wide downturn is called:
A)​frictional unemployment.
B)​cyclical unemployment.
C)​structural unemployment.
D)​seasonal unemployment.

Quizplus · Accepted Answer

Cyclical unemployment results from an economic downturn, where businesses reduce production and lay off workers due to decreased demand for goods and services.

Unemployment That Results from an Economy-Wide Downturn Is Called