Question

Can loss of unemployment during covid 19 lockdown be a situation of “Cyclical unemployment”. Justify your answer​

Answer 1

Answer:

question:-

Can loss of unemployment during covid 19 lockdown be a situation of “Cyclical unemployment”. Justify your answer

answer:-

Cyclical unemployment is a type of unemployment which is related to the cyclical trends in the industry or the business cycle. Cyclical unemployment is directly related to the macro-economic situation in the economy. It would rise at a time of recession, while reduce when the economy starts recovering.

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