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:

Food

A substance consumed to provide nutritional support for an organism, typically consisting of plant, animal, or fungal origin.

Choice Set

A collection of all feasible alternatives or options available to a decision-maker in a decision-making scenario.

Clothing Price

The amount of money required to purchase garments and textiles, influenced by factors such as fashion, brand, material, and production costs.

Food Price

The cost assigned to food items, which can fluctuate based on factors like supply, demand, production costs, and inflation.