The correct option is C. Welders unemployed due to the lack of demand for their trade and suffers from Cyclical unemployment. Unemployment that is cyclically influenced by economic cycles or industry trends is known as cyclical unemployment. Cyclical unemployment will be at its lowest while an economy is doing well and at its highest when the growth of the economy starts to slow down.
When it reaches its peak, cyclical unemployment might cause the following: minimal output Consumer demand for goods declines during cyclical unemployment, which lowers output across a variety of industries. Less demand for services: Some services, like goods, are no longer in high demand among consumers.
If you experience cyclical unemployment, it means that your employer let you go cut costs during a period of sluggish business. Cyclical unemployment rates fluctuate with the markets, rising during recessions and falling during expansions.
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