Economics · Cyclical Unemployment
Which macroeconomic phenomenon is primarily responsible for the onset of cyclical unemployment?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rapid advancements in technology making specific skills obsolete
- 2The downward or recessionary phase of the business cycle✓
- 3Workers voluntarily leaving jobs to search for better opportunities
- 4Seasonal variations in production activities like agriculture
Correct answer
The downward or recessionary phase of the business cycle
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