Examlex
All of the following occur during the postabsorptive state except that
Cyclical Unemployment
This type of unemployment fluctuates with the business cycle, increasing during economic downturns and decreasing during periods of economic growth.
Frictional Unemployment
Short-term unemployment that arises from the process of matching workers with jobs and occurs even in healthy economies.
Assembly Line
A manufacturing process in which parts are added to a product in a sequential manner to create a finished product much more efficiently than with individual craftsmanship.
Cyclically Unemployed
Individuals who are unemployed due to the downturn in the business cycle, such as during a recession.
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