ECONOMICS
ECONOMIC GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Unemployment that rises during economic downturns and falls when the economy improves.
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Seasonal Unemployment
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Structural Unemployment
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Frictional Unemployment
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Cyclical Unemployment
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Explanation:
Detailed explanation-1: -Cyclical unemployment is a short period of higher unemployment that results from an economic slowdown. In a slowdown, consumers do not purchase as much, leading businesses to reduce their overall labor expenditures in an attempt to address a decline in growth or productivity.
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