cyclical unemployment

Noun

Meaning

cyclical unemployment (uncountable)

(economics) A type of unemployment explained by the demand for labor going up and down with the business cycle.

Source: en.wiktionary.org

Examples

While some types of unemployment may occur regardless of the condition of the economy, cyclical unemployment occurs when growth stagnates. Source: Internet

The fact that aggregate demand can be raised to deal with this problem suggests that this problem is instead one of cyclical unemployment. Source: Internet

Close letter words and terms

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