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.
A stockbroker loses his job during an economic downturn. This would be an example of (1 point)
Responses
frictional unemployment
frictional unemployment
seasonal unemployment
seasonal unemployment
cyclical unemployment
cyclical unemployment
structural unemployment
1 answer