A stockbroker loses his job during an economic downturn. This would be an example of (1 point)

Question

Responses

frictional unemployment
frictional unemployment

seasonal unemployment
seasonal unemployment

cyclical unemployment
cyclical unemployment

structural unemployment

Answer 1

This would be an example of cyclical unemployment. Cyclical unemployment occurs when there is a downturn in the economy, leading to a decrease in demand for goods and services, which can result in job losses in various sectors, including finance.