Which of the Following Is an Example of Cyclical Unemployment

question 91

Multiple Choice

Which of the following is an example of cyclical unemployment?

• A)A recent college graduate still looking for her first job
• B)A car salesman who loses his job because of a recession
• C)A ski instructor who is out of work during the summer
• D)An economics journalist who just quit her writing job in order to begin a new career as a college professor next month
• E)A worker displaced from his factory job because of greater mechanization in the workplace

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Definitions:

Skilled Craft Workers

Individuals who are trained to perform specialized tasks or crafts, often requiring manual prowess and specific training.

Industrial Unions

Labor unions organizing all workers in an industry under one association, no matter the job each worker performs.

Craft Unions

Labor unions that represent workers specialized in particular crafts or trades, focusing on skills and qualifications rather than the industry or sector.

Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, with all other factors being held constant.