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__________ unemployment refers to loss of jobs due to a recession or a similar downturn in the economy.

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User Maicake
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1 Answer

4 votes

Answer:

Cyclical unemployment is the loss of jobs due to a recession or downturn in an economy.

Step-by-step explanation:

Cyclical unemployment is a type of unemployment. It is also known as Keynesian or deficient-demand unemployment. This type of unemployment occurs when the overall demand in an economy is not enough to provide jobs to the people who want to work. Cyclical unemployment is observed during the periods of slow economic growth or recession.

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User ChristianOConnor
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