Economy, asked by Nikrage, 7 months ago

what is cyclic unemployment pls tell

Answers

Answered by himanshi0836
2

Answer:

Cyclical unemployment is the component of overall unemployment that results directly from cycles of economic upturn and downturn. Unemployment typically rises during recessions and declines during economic expansions.

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Answered by afi56
0

Cyclical unemployment is a type of unemployment which is related to the cyclical trends in the industry or the business cycle. ... Cyclical unemployment is directly related to the macro-economic situation in the economy. It would rise at a time of recession, while reduce when the economy starts recovering.

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