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 _____.

Question

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.