What is the term for unemployment that results from an economy-wide downturn?
A)frictional unemployment
B)cyclical unemployment
C)structural unemployment
D)seasonal unemployment

Question

Quizplus · Accepted Answer

Cyclical unemployment refers to unemployment that is caused by an economy-wide downturn, leading to a decrease in demand for goods and services and ultimately resulting in job losses. This type of unemployment is often associated with recessions and economic downturns.

What Is the Term for Unemployment That Results from an Economy-Wide