How Might the Economic Fluctuations Theory Explain the Movement of the Unemployment

question 40

Essay

How might the economic fluctuations theory explain the movement of the unemployment rate over the business cycle?

---

Definitions:

General Adaptation Syndrome

A theory developed by Hans Selye describing the body's short-term and long-term reactions to stress, consisting of the alarm reaction, resistance, and exhaustion stages.

Immune System

The bodily system that protects the organism from foreign substances, cells, and tissues by producing the immune response.

Endocrine System

The body’s system of ductless glands that secrete hormones and release them directly into the bloodstream.

Adrenal Cortex

The external section of the adrenal gland responsible for generating steroid hormones that control metabolism and immune function.