Which of the following is an example of cyclical unemployment?Group of answer choicesA worker is unemployed because the cost of finding a job in another city is too high.A worker quits her job to find a better job.A worker loses her job because the minimum wage increases substantially.A worker loses her job because the economy begins to enter a recession.
Question
Which of the following is an example of cyclical unemployment?Group of answer choicesA worker is unemployed because the cost of finding a job in another city is too high.A worker quits her job to find a better job.A worker loses her job because the minimum wage increases substantially.A worker loses her job because the economy begins to enter a recession.
Solution
The example of cyclical unemployment from the given choices is: "A worker loses her job because the economy begins to enter a recession."
Here's why:
Cyclical unemployment is directly related to the overall health of the economy. It occurs when there is a downturn or recession in the economy, and jobs are lost because there is less demand for goods and services, so companies cut back on production and lay off workers.
So, in the given options, the situation where a worker loses her job because the economy is entering a recession is an example of cyclical unemployment. The other options do not describe situations that are directly tied to the health of the economy, and therefore, are not examples of cyclical unemployment.
Similar Questions
This type of unemployment occurs when people lose jobs because of an economic downturn.Select one:a. Structural Unemploymentb. Mass Unemploymentc. Frictional Unemploymentd. Cyclical Unemployment
Cyclical unemployment is caused by:Group of answer choicescyclical changes in the job skills among workers.seasonal layoffs.declines in real GDP.shifts in the job skills required in the economy.
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
Which of the following is an example of structural unemployment? A. A teacher who is temporarily unemployed during the summer break. B. An auto worker who is laid off due to a recession in the automotive industry. c. There is a reduction in staffing in the factory due to increased automation. D. A retail worker who is temporarily without a job because their store is closed for a public holiday.
When a factory shuts down and workers lose their jobs,What type of unemployment happens? A. Cyclical unemployment B. Seasonal unemployment C. Frictional unemployment D. Structural unemployment
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