QUESTION IMAGE
Question
question 3
cyclical unemployment includes people who become unemployed from
changes in the business cycle.
normal labor market turnover.
technological changes.
changes in international competition.
changes in the seasons.
Cyclical unemployment is directly related to the business cycle. When the economy is in a downturn (recession phase of the business cycle), firms reduce production and lay off workers, causing cyclical unemployment. Normal labor market turnover relates to frictional unemployment. Technological changes and international competition relate to structural unemployment. Seasonal changes relate to seasonal unemployment.
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changes in the business cycle.