A sales manager of an equipment manufacturing company loses his job because the company relocated
the unit to another country is an example of ____ unemployment.
a) Technical unemployment b) Frictional unemployment c) Cyclical unemployment d) Structural unemployment
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Answer:
option C Cyclical unemployment
Explanation:
Cyclical Unemployment: unemployment caused due to the business cycle, where the number of unemployed heads rises during recessions and declines with the growth of the economy.
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