Unemployment during recessionis called _______ unemployment. (Fill in the blank by choosing correct option)
1) Frictional
2) Structural
3) Cyclical
4) Voluntary
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Answer . Option 3) cyclical
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Explanation:
The right answer is option 3) Cyclical. Unemployment during recession is called cyclical unemployment. Here rest of the options are eliminated. During this time, people take up anything to meet their basic needs. Therefore, it is a cyclic procedure. In a cyclic procedure, the framework begins in a specific state and comes back to that state in the wake of experiencing a number of different process.
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