An example of a cyclically unemployed individual is
A) Charles, who lost his job as a real estate salesperson when the housing market declined.
B) Alice, who quit her job to enter college.
C) Mary, who lost her job in the textile industry following a decrease in the tariff on textiles.
D) Bob, who lost his job in an oil production company after a surge in global oil supply led to falling oil prices.

Question

Quizplus · Accepted Answer

Cyclically unemployed individuals lose their jobs due to downturns in the business cycle. Charles lost his job because of a decline in the housing market, which is an example of a cyclical downturn.

An Example of a Cyclically Unemployed Individual Is