A recession causes a decrease in the demand for housing, resulting in substantial layoffs in the construction industry. This is an example of A. cyclical unemployment. B. frictional unemployment. C. seasonal unemployment. D. structural unemployment.

The change in job accessibility due to ups and downs during the business cycle is called cyclical unemployment. Cyclical unemployment is lowest while the economy is healthy and booming. Cyclical unemployment is at its peak while the economy is in recession.

Answer Link

A recession causes a decrease in the demand for​ housing, resulting in substantial layoffs in the construction industry. This is an example of A. cyclical unemployment. B. frictional unemployment. C. seasonal unemployment. D. structural unemployment.

Respuesta :

Otras preguntas

A recession causes a decrease in the demand for housing, resulting in substantial layoffs in the construction industry. This is an example of A. cyclical unemployment. B. frictional unemployment. C. seasonal unemployment. D. structural unemployment.