Cyclical unemployment is the component of overall unemployment that results directly from cycles of economic upturn and downturn. Unemployment typically rises during recessions and declines during economic expansions. Moderating cyclical unemployment during recessions is a major motivation behind the study of economics and the goal of the various policy tools that governments employ to stimulate the economy.
:Cyclical unemployment is the impact of economic recession or expansion on the total unemployment rate.
:Cyclical unemployment generally rises during recessions and falls during economic expansions and is a major focus of economic policy.
:Cyclical unemployment is one factor among many that contribute to total unemployment, including seasonal, structural, frictional, and institutional factors.
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Answer:
What Is Cyclical Unemployment?
Cyclical unemployment is the component of overall unemployment that results directly from cycles of economic upturn and downturn. Unemployment typically rises during recessions and declines during economic expansions. Moderating cyclical unemployment during recessions is a major motivation behind the study of economics and the goal of the various policy tools that governments employ to stimulate the economy.
:Cyclical unemployment is the impact of economic recession or expansion on the total unemployment rate.
:Cyclical unemployment generally rises during recessions and falls during economic expansions and is a major focus of economic policy.
:Cyclical unemployment is one factor among many that contribute to total unemployment, including seasonal, structural, frictional, and institutional factors.
Explanation:
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