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5 April, 11:42

Which of the following situations would be considered cyclical unemployment? Choose one or more: A. A typewriter repair shop closes, citing lack of business. The owner is quoted as saying, "We haven't had a customer in weeks. It has something to do with people using computers." B. A recent college graduate cannot find a job anywhere, despite excellent qualifications. The news media report that there are not enough jobs to go around in the economy. C. A college instructor's contract is not renewed because more people are taking online classes and the college does not need as many classroom instructors. D. A worker on the assembly line at Ford is laid off due to a drop in car sales brought on by a weak economy. E. A friend wins the lottery and quits working. He says he will never work again. F. A friend is taking a trip around the world while she waits for another job offer. She has been offered six jobs but has not accepted any of them.

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  1. 5 April, 13:20
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    Which of the following situations would be considered cyclical unemployment?

    B-D

    Explanation:

    D. A worker on the assembly line at Ford is laid off due to a drop in car sales brought on by a weak economy.

    B. A recent college graduate cannot find a job anywhere, despite excellent qualifications. The news media report that there are not enough jobs to go around in the economy.
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