ECONOMICS
BUSINESS CYCLES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Unemployment caused by a fall in demand for goods and services across the economy.
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frictional unemployment
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seasonal unemployment
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structural unemployment
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cyclical unemployment
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Explanation:
Detailed explanation-1: -Cyclical unemployment refers to the unemployment which is caused by the changes in business cycles, that is economic upturn or downturn. Cyclical unemployment is a component of overall unemployment and is affected by the economic recession or expansion.
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