Cyclical unemployment refers to
A)the relationship between the probability of unemployment and a worker's changing level of experience.
B)how often a worker is likely to be employed during her lifetime.
C)year-to-year fluctuations of unemployment around its natural rate.
D)long-term trends in unemployment.

Question

Quizplus · Accepted Answer

Cyclical unemployment refers to short-term fluctuations in unemployment that occur due to changes in the business cycle, such as recessions or expansions. It is distinct from long-term trends in unemployment (such as structural unemployment), which persist over periods of years and are not closely tied to changes in the business cycle.

Cyclical Unemployment Refers to