Which is an example of someone who is cyclically unemployed?

A. autoworker who is temporarily laid off from an automobile company because of a decline in sales.

B. geologist who is permanently laid off from an oil company because of an increase in wages won by labor unions.

C. worker at a fast-food restaurant who quits work and attends college.

D. real estate agent who leaves a job in Texas and searches for a similar, higher-paying job in California.

Question

Business

Mina

17 March, 19:59

Which is an example of someone who is cyclically unemployed?

A. autoworker who is temporarily laid off from an automobile company because of a decline in sales.

B. geologist who is permanently laid off from an oil company because of an increase in wages won by labor unions.

C. worker at a fast-food restaurant who quits work and attends college.

D. real estate agent who leaves a job in Texas and searches for a similar, higher-paying job in California.

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Answers (1)

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Bradford · Answer 1

A. autoworker who is temporarily laid off from an automobile company because of a decline in sales.

Explanation:

Cyclical unemployment is unemployment that occurs when full employment can not be met by the aggregate demand for goods and services in an economy.

This takes place during times of decreased economic growth or times of economic slowdown.

Cyclical unemployment is directly linked to the degree of macroeconomic behavior, which is the combined or collective activity of all economically involved individuals and entities.

Instead of linear, this overall trend is cyclical-economic activity tends to increase and fall rather than always rising or falling.