Question

QUESTION 10 Cyclical unemployment is caused by: a. cyclical changes in the job skills among workers. b. shifts in the job skills required in the economy. c. declines in real GDP. d. seasonal layoffs.

Answer 1

Answer:

d. seasonal layoffs

Explanation:

When a business cycle changes, certain employees relevant in previous cycle may not be relevant in the next cycle, hence, leading to cyclical unemployment. This happens mostly in businesses that are highly seasonal.