A Recession Causes a Decrease in the Demand for Housing

question 35

Multiple Choice

A recession causes a decrease in the demand for housing, resulting in substantial layoffs in the construction industry. The people laid off are considered

• A) cyclically unemployment.
• B) frictionally unemployment.
• C) seasonally unemployment.
• D) structurally unemployment.

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Definitions:

Organisational Culture

The shared values, beliefs, norms, and practices that shape the social and psychological environment of a business or organization, influencing how people interact and work together.

Relevance

The importance or applicability of something in relation to a specific matter or context.

Observable Culture

The visible elements of an organization's culture, such as behaviors, rituals, and symbols, that can be seen and understood by outsiders.

Organisational Life

The cycle through which an organization progresses, including stages such as startup, growth, maturity, and decline.