Asked by Mercy Ikediuba on Jun 16, 2024
Verified
If the unemployment rate is nine percent,how much is cyclical unemployment?
Cyclical Unemployment
Unemployment that results from economic recessions or downturns, reflecting the cyclical nature of an economy, where demand for labor decreases during slow economic periods.
- Apprehend the linkage between unemployment rates, inflation, and the patterns of cyclical unemployment.
Verified Answer
CK
Learning Objectives
- Apprehend the linkage between unemployment rates, inflation, and the patterns of cyclical unemployment.