An example of a cyclically unemployed individual is
A)Charles, who lost his job as a real estate salesperson when the housing market went soft.
B)Alice, who quit her job to enter college.
C)Mary, who lost her job in the textile industry following a decrease in the tariff on textiles.
D)Bob, who has just graduated from college and is entering the labor market.

Question

Quizplus · Accepted Answer

Cyclically unemployed individuals lose their jobs due to economic downturns or recessions. Charles lost his job because of a downturn in the housing market, which is an example of cyclical unemployment.

An Example of a Cyclically Unemployed Individual Is