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15-08-2019
Business

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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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VestaHofman VestaHofman

20-08-2019

Answer:

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

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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