The unemployment associated with decrease in demand is referred to as
Question 1 Report
The unemployment associated with decrease in demand is referred to as
Answer Details
The unemployment associated with a decrease in demand is referred to as cyclical unemployment. This type of unemployment occurs when there is a decrease in the demand for goods and services in an economy, leading to a decrease in production and a decrease in the demand for labor. Workers who are unable to find jobs due to the decrease in demand are said to be cyclical unemployment. This type of unemployment is temporary in nature and is expected to decrease when the economy starts to recover and demand for goods and services begins to increase again.
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