Difference between revisions of "Cyclical Unemployment"
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Latest revision as of 18:08, 11 March 2020
Cyclical Unemployment - (adjective + noun)
Definition
This is the change in the rate of unemployment that is the result of what is known as the economic cycle. The economic cycle refers to recessions and economic booms.
Extra
Source: Own Definition
Example of Use: Cyclical unemployment grew during the recession
