Ask Question
2 September, 07:04

Bill is a construction worker who was laid off because the market for new homes has been adversely affected in the recession. bill's unemployment experience is referred to

+1
Answers (1)
  1. 2 September, 07:53
    0
    What Bill is experiencing is cyclical unemployment.

    Cyclical unemployment is a type of unemployment that occurred due to the ups and downs of business cycles - where it would be low when the economic conditions are good, and it would be high when the economic conditions are bad.

    Cyclical unemployment is part of the natural rate types of unemployment, together with structural and frictional.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Bill is a construction worker who was laid off because the market for new homes has been adversely affected in the recession. bill's ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers