Question

Unemployment caused due to ups and downs in trade and business is called?

A Trade Unemployment Correct Answer Incorrect Answer
B Industrial Unemployment Correct Answer Incorrect Answer
C Cyclical Unemployment Correct Answer Incorrect Answer
D Technological Unemployment Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

Cyclical unemployment is a factor of overall unemployment that relates to the cyclical trends in growth and production that occur within the business cycle. When business cycles are at their peak, cyclical unemployment will be low because total economic output is being maximized.

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