Question

If Bob loses his job at the GM plant because car manufacturing is slow due to a downturn in the economy, you can conclude that he is _____.


cyclically unemployed


seasonally unemployed


frictionally unemployed


structurally unemployed

Answer 1

If Bob loses his job at the GM plant because car manufacturing is slow due to a downturn in the economy, you can conclude that he is **cyclically unemployed**. Cyclical unemployment occurs when there is a deficiency in demand for goods and services during economic downturns.