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Cyclical Unemployment |
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Cyclical unemployment Unemployment caused by a low level of aggregate demand associated with recession in the business cycle. Cyclical Unemployment Unemployment that increases when economic growth decreases and vice versa. Cyclical unemployment increases when demand for products is insufficient for businesses to justify the expense of keeping so many employees on staff. Likewise, the unemployment decreases when demand rises. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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