A Recession Causes a Decrease in the Demand for Housing

question 276

Multiple Choice

A recession causes a decrease in the demand for housing, resulting in substantial layoffs in the construction industry. This is an example of

• A) cyclical unemployment.
• B) frictional unemployment.
• C) seasonal unemployment.
• D) structural unemployment.

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Definitions:

Prejudice

A preconceived opinion or bias, often negative, towards someone or something not based on reason or actual experience.

Social Roles

Expected patterns of behavior, responsibilities, and privileges associated with an individual's position or status within a group or society.

Single Male

An individual man who is not in a marital or committed romantic relationship.

Married Couple

Two individuals united in marriage, legally recognized as partners in a personal relationship, with specific rights and obligations.