Which of the Following Is an Example of Cyclical Unemployment

question 100

Multiple Choice

Which of the following is an example of cyclical unemployment?

• A) An autoworker is temporarily laid off from an automobile company due to a decline in sales
• B) A geologist is permanently laid off from an oil company due to a new technological advancement
• C) A worker at a fast-food restaurant quits work to attend college
• D) A real estate agent leaves a job in Texas and searches for a similar, higher paying job in California

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Definitions:

Relief

Aid or assistance offered to alleviate hardship or distress in various contexts, such as financial relief or emergency relief efforts.

Unilateral Mistake

A misunderstanding or error made by one party in a contract, which does not necessarily void the contract unless it significantly affects the terms.

Material Fact

A fact that, if known, could influence a decision maker's actions or decisions, especially in legal contexts.

Genuinely Agree

Indicates a sincere concordance or acceptance between parties without hidden disagreements.