Question

Is the following correct?:

1. Stacy (Cyclical Unemployment) Because of COVID-19, fewer people bought products in my shop. This made me gain no money and unfortunately got me unemployed. Cyclical Unemployment is when there is a low demand for goods and services, making the employee's get no money, eventually being unemployed. This can cause a cycle as well because the unemployed person will have no money to spend on goods and services making the people who own these get no money and once again get unemployed. 2. Laura (Structural Unemployment) I used to be a lumberjack, so i cut trees down with axe's. A few years later, my boss unemployed me because, they used saws instead. Structural unemployment occurs when you don't have the proper skills to be in a job. A person who stays unemployed for too long will have fewer skills learned, and unless they find a low skill job, they will remain unemployed.

Answer 1

Answer:

yes

Explanation:

you are totally right