Which of the following situations best describes an individual who is cyclically unemployed?
A) Catherine is a ski instructor who is not working because it is summer.
B) Nicholas was laid-off when orders for General Motors cars fell during a recession.
C) Matthew was an artillery man, but he has been unable to find work since he left the army.
D) Susan quit her job as a preschool teacher to try to find a better paying job.

Question

Quizplus · Accepted Answer

Cyclic unemployment is a type of unemployment that occurs due to fluctuations in the economy, such as business cycles, recessions, and seasonal changes. Option B describes a situation in which an individual lost their job due to a slowdown in the economy (recession) and may be cyclically unemployed as long as the economic situation remains unchanged.

Which of the Following Situations Best Describes an Individual Who