Cyclical unemployment results from layoffs during recessionary periods.

Name: Cyclical unemployment results from layoffs during recessionary periods.
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Question

Quizplus · Accepted Answer

Cyclical unemployment is a type of unemployment that occurs due to downturns in the business cycle, such as during recessions or economic slowdowns, when companies may lay off workers or reduce their work hours due to decreased demand for goods and services. Therefore, the statement is true.

Cyclical Unemployment Results from Layoffs During Recessionary Periods