Explain How Unemployment Changes Over the Business Cycle

question 149

Essay

Explain how unemployment changes over the business cycle.Why do these changes occur?

---

Definitions:

Motivating

The process of stimulating interest or enthusiasm in someone to inspire them to take action or engage in a specific behavior.

Workplace

The place or environment where people work, including offices, factories, or any physical or virtual space.

Need

A requirement or necessity for survival and well-being.

McClelland's

A theory of motivation that highlights the importance of three primary needs: the need for achievement, the need for affiliation, and the need for power.