Read the situation and answer the question. Vimal completed his engineering studies three years ago. He has been looking for a job since then but has not found one yet. What kind of unemployment do we see in Vimal’s case?
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Cyclical unemployment.
Cyclical unemployment is caused by declining demand: when there is not enough demand in an economy for goods and services, businesses cannot offer jobs.
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Suhani
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Cyclical unemployment is caused by declining demand: when there is not enough demand in an economy for goods and services, businesses cannot offer jobs.
Please mark me the brainliest!
Suhani
xx
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