Question

Suggest the economic terms for the given statements

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Answer 1

Answer:

Cyclical unemployment arises due to cyclical fluctuations in the economy. They may also be generated by international forces. A business cycle consists of alternating periods of booms and depressions. It is during the downswing of the business cycle that income and output fall leading to widespread unemployment.

Explanation:

Effects - The Balance

Cyclical unemployment is when workers lose their jobs because of downturns in the business cycle. You can tell when the economy ...