MANAGEMENT

Detailed explanation-1: -Indicated by weak output and rising unemployment rates A recession can be defined as a sustained period of weak or negative growth in real GDP (output) that is accompanied by a significant rise in the unemployment rate.

Detailed explanation-2: -Unemployment rises quickly but drops slowly in a downturn, and its long-term effects are costly. Fiscal and monetary policies try to limit the impact of unemployment on recessions. Prompt, automatic aid for those who need it most tends to produce the most benefit.

Detailed explanation-3: -Cyclical unemployment is the unemployment associated with the ups and downs of the business cycle. During recessions, cyclical unemployment increases and drives up the unemployment rate. During expansions, cyclical unemployment decreases and drives down the unemployment rate.

Detailed explanation-4: -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.