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.
Please mark me the brainliest!
Suhani
xx
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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