what is the difference between cyclic and disguised unemployment
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A: Cyclical unemployment arises due to changes in the business cycle; it occurs when the gross domestic product (GDP) falls and the economy enters a phase of contraction. ... On the other hand, seasonalunemployment occurs in regular patterns, usually on an annual basis, and is caused by predictable changes in demand.
hope it clarifies ur doubt dear friend..
hope it clarifies ur doubt dear friend..
helalkhan:
I asked about disguised unemployment not seasonal unemployment
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