asked 29.2k views
5 votes
The deviation of unemployment from its natural rate is called

asked
User Leroygr
by
8.1k points

1 Answer

6 votes

Answer:

Cyclical Unemployment

Step-by-step explanation:

When the overall unemployment occurs due to economic upturns and downturns, it is called cyclical unemployment. In conditions when there is cyclical or irregular trend in growth in production, cyclical unemployment occurs. Unemployment tends to rise when there is recession and declines when there is economic boom. Cyclical unemployment becomes problematic since it contributes to total unemployment.

answered
User Frank Cheng
by
7.9k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.