Cyclical unemployment is one associated with - WAEC Economics 2014 Question
Cyclical unemployment is one associated with
A
inadequate information
B
trade fluctuations
C
structural changes
D
seasonal changes
correct option: b
Cyclical unemployment is unemployment that results when the overall demand for goods and services in an economy cannot support full employment. Cyclical unemployment is when workers lose their jobs because of downturns in the business cycle.
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