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Cyclical Unemployment
(redirected from Unemployment types)

   Also found in: Wikipedia, Hutchinson 0.04 sec.
Cyclical Unemployment
Unemployment resulting from changes in the business cycle.

Notes:
An example of cyclical unemployment is layoffs and cutbacks resulting from a recessionary economic phase.


Cyclical unemployment
Unemployment caused by a low level of aggregate demand associated with recession in the business cycle.

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