what is cyclic unemployment
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is a factor of unemployment that relates to cyclical trends in growth and production that occur within the business cycle
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♣ Cyclical employment is when workers loss their jobs because of downturns in the business cycles.
♣ You can tell, when the Economy contracts by measuring gross domestic product.
♣ If the Economy contracts for 2 Quarters or more, it is in a recession.
♣ Remember, When business cycles are at their peak, Cyclical Unemployment is low. Because, total economic output is being maximized.
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Here's your best answer =>>>
________________________________
☺
Friend !
♣ Cyclical employment is when workers loss their jobs because of downturns in the business cycles.
♣ You can tell, when the Economy contracts by measuring gross domestic product.
♣ If the Economy contracts for 2 Quarters or more, it is in a recession.
♣ Remember, When business cycles are at their peak, Cyclical Unemployment is low. Because, total economic output is being maximized.
>> Approve_it_!
_________________________________
☺
▪ I'm ACE: no4.
▪ Brainly ranker.
☺
Hope it helps u :)
☺
MARK ME AS BRAINLIEST PLZ PLZ PLZ. . .
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