If the labor force has fewer of the skills required for the available jobs,cyclical unemployment increases,ceteris paribus.

Name: If the labor force has fewer of the skills required for the available jobs,cyclical unemployment increases,ceteris paribus.
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Question

Quizplus · Accepted Answer

Cyclical unemployment is caused by downturns in the business cycle, not by a mismatch between workers' skills and job requirements. The scenario described would lead to structural unemployment.

If the Labor Force Has Fewer of the Skills Required