ECONOMICS
BUSINESS CYCLES
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Question
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When individuals lose jobs due to fall in aggregate demand, often during an economic recession.
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Structural Unemployment
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Cyclical Unemployment
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Frictional Unemployment
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Seasonal Unemployment
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Explanation:
Detailed explanation-1: -Description: Cyclical unemployment relates to the business cycle in an industry. It is a direct result of fall in demand from consumers leading ot a slump in demand for labour.
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