Which of the following results from a change in the business cycle,ceteris paribus?
A)Frictional unemployment.
B)Cyclical unemployment.
C)Structural unemployment.
D)Structural deficit.

Question

Quizplus · Accepted Answer

Cyclical unemployment is directly related to changes in the business cycle. During a recession or contractionary period, businesses may cut back on production and lay off workers, leading to an increase in cyclical unemployment. Ceteris paribus means that all other variables are held constant, so the change in the business cycle would be the only factor influencing unemployment in this scenario.

Which of the Following Results from a Change in the Business