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Cyclical unemployment is caused by a mismatch between workers' skills and current employer needs.
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Cyclical unemployment is caused by a mismatch between workers' skills and current employer needs.
Cyclical unemployment is caused by a mismatch between workers' skills and current employer needs.
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▸ false
Textbook
Business in Action
Edition:
9
th
Authors:
Bovee, Thill
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false
Cyclical unemployment refers to seasonal unemployment caused by economic fluctuations. When demand for goods and services drops, businesses reduce production, thereby requiring fewer workers.
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Frictional unemployment is unemployment reflecting a mismatch of skills and jobs.
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Cyclical unemployment refers to unemployment resulting from:
In which of the following industries are workers least likely to suffer from cyclical unemployment? ...
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Unemployment caused by a business cycle recession is called cyclical unemployment.
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