ECONOMICS
BUSINESS CYCLES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Cyclical
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Structural
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Seasonal
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Frictional
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Detailed explanation-1: -Cyclical unemployment is the number of people out of work as a result of a temporary setback in the economy, such as a recession or change in a business cycle.
Detailed explanation-2: -Progress erasing the jobs deficit was slow for some time, but by mid-2014 the economy had recovered the 8.7 million jobs lost between the start of the recession in December 2007 and early 2010 and continued to add jobs thereafter.
Detailed explanation-3: -Cyclical unemployment is the impact of economic recession or expansion on the total unemployment rate. Cyclical unemployment generally rises during recessions and falls during economic expansions and is a major focus of economic policy.
Detailed explanation-4: -Tourism jobs. Tourism and hospitality roles are vulnerable during a recession because consumers change spending habits as the economy shrinks. 2. Entertainment. Human resources. Real estate. Construction. 16-Nov-2022