Ask Question
BusinessBusiness
1 October, 20:38

Bill is a construction worker who was laid off because the market for new homes has been adversely affected in the recession. bill's unemployment experience is referred to

+1
Answers (1)
  1. 1 October, 22:55
    0
    What Bill is experiencing is cyclical unemployment.

    Cyclical unemployment is a type of unemployment that occurred due to the ups and downs of business cycles - where it would be low when the economic conditions are good, and it would be high when the economic conditions are bad.

    Cyclical unemployment is part of the natural rate types of unemployment, together with structural and frictional.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Bill is a construction worker who was laid off because the market for new homes has been adversely affected in the recession. bill's ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The federal debt can fluctuate from year to year based on the annual deficits and surpluses. Assume that a deficit is represented as a negative number whereas a surplus is represented as a positive number.
Answers (1)
Susan's salary is $44,000 and she received dividends of $600. She received a statement from SJ partnership indicating that her share of the partnership's income was $4,000.
Answers (2)
Michael's Yoga Studio have been entering bills for their purchases as they come in. They pay multiple bills once a week. They use Bank Feeds to record these transactions, posting to Cost of Goods Sold. They are an accrual-based company.
Answers (2)
Clark Company manufactures a product with a standard direct labor cost of two hours at $18.00 per hour. During July, 2,000 units were produced using 4,200 hours at $18.30 per hour.
Answers (1)
Doug's managerial style can be described as tough and aggressive, while building alliances with others with thegoal to obtain a strong power base. Which manager frame of reference best describes Doug's style? A. Human Resources B. Political C.
Answers (1)
New Questions in Business
You are the financial manager for a recreation center that has signed an option to purchase new elliptical machines for $22,500 in two years.
Answers (1)
yron Gordon and John Lintner argued that the cost of equity, rs, as the dividend payout is increased because investors are less certain of receiving that should result from retaining earnings than they are of receiving.
Answers (1)
Mandy is a ceo who displays little commitment to the organization's mission and staff. according to blake and mouton, mandy has what type of management style
Answers (1)
What type of credit is used to lease a building?
Answers (1)
Suppose you transfer $1,000 from your checking account to your savings account. how does this action affect the m1 and m2 money supplies?
Answers (1)
Home » Business » Bill is a construction worker who was laid off because the market for new homes has been adversely affected in the recession. bill's unemployment experience is referred to
Sign Up Forgot Password?