A stock person who is laid off by a department store because retail sales across the country have decreased is _______ unemployed.
Multiple Choice
cyclically
structurally
frictionally
chronically
cyclically unemployed
The correct answer is "cyclically unemployed."
The correct answer is "cyclically unemployed."
Explanation:
Cyclical unemployment refers to the type of unemployment that occurs as a result of changes in the business cycle and economic conditions. When retail sales across the country decrease, it is likely due to a downturn in the economy, which can lead to layoffs and job losses in the retail industry. In this case, the stock person who is laid off by the department store is facing unemployment that is directly related to the cyclical nature of the economy.