Economics · Unemployment
What is meant by 'Cyclical Unemployment'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Unemployment that occurs due to a change in technology
- 2Unemployment that occurs when people are moving between jobs
- 3Unemployment prevalent in agriculture during off-seasons
- 4Unemployment arising due to recessionary phases in business cycles✓
Correct answer
Unemployment arising due to recessionary phases in business cycles
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