A worker who is unemployed because of an insufficient demand for goods and services is an example of:Multiple choice question.seasonal unemploymentstructural unemploymentcyclical unemploymentfrictional unemployment
Question
A worker who is unemployed because of an insufficient demand for goods and services is an example of:Multiple choice question.seasonal unemploymentstructural unemploymentcyclical unemploymentfrictional unemployment
Solution
The correct answer is cyclical unemployment. This type of unemployment is related to the cyclical trends in the economy, such as insufficient demand for goods and services. When the economy is in a downturn or recession, there is often not enough demand for goods and services, which can lead to layoffs and unemployment.
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