StudyXY
RegisterLog in

Q
QuestionEconomics

"Which of the following is an example of cyclical unemployment? A. Workers in the tourism industry in Maine are laid off during the winter. B. A worker moves to California and searches for a new job. C. During a recession, aircraft assemblers are laid off but expect to be recalled as the economy improves. D. Due to technological change, typewriter workers lose jobs and must retrain to find jobs in other industries."
29 days agoReport content

Answer

Full Solution Locked

Sign in to view the complete step-by-step solution and unlock all study resources.

Step 1
: Identify the options that represent cyclical unemployment.

Cyclical unemployment is a type of unemployment that occurs due to the business cycle, that is, the ups and downs of the economy. It happens when there is a downturn in the economy, leading to layoffs and reduced hiring. However, as the economy improves, these workers are often rehired.

Step 2
: Analyze each option.

A. Workers in the tourism industry in Maine are laid off during the winter. - This is an example of seasonal unemployment, which occurs regularly during certain times of the year. It is not cyclical unemployment. B. A worker moves to California and searches for a new job. - This is an example of frictional unemployment, which occurs when people are temporarily out of work while transitioning between jobs. It is not cyclical unemployment. C. During a recession, aircraft assemblers are laid off but expect to be recalled as the economy improves. - This is an example of cyclical unemployment, as it is directly related to the business cycle and the expectation is that these workers will be rehired once the economy improves. D. Due to technological change, typewriter workers lose jobs and must retrain to find jobs in other industries. - This is an example of structural unemployment, which occurs when there is a mismatch between the skills that workers have and the skills that employers need. It is not cyclical unemployment.

Final Answer

The correct answer is option C. This is an example of cyclical unemployment, as it is directly related to the business cycle and the expectation is that these workers will be rehired once the economy improves.

Need Help with Homework?

Stuck on a difficult problem? We've got you covered:

  • Post your question or upload an image
  • Get instant step-by-step solutions
  • Learn from our AI and community of students

Related Questions

Economics

23 days ago

Write a full outline of your persuasive essay, include the introduction, book, hook template, context, thesis, body paragraph, key point, topic sentence counter argument and rebuttal, illustration/ example, explanation/ analysis/ tie back, conclusion. My research question is how can the federal government maintain an optimal range of inflation that promotes growth while preserving the purchasing power of the currency

·
View Answer

Economics

23 days ago

Which of the following statistics can turn negative? inflation rate GDP CPI unemployment rate

·
View Answer

Economics

23 days ago

Fundamentally, economics deals with a. money. b. poverty. c. banking. d. scarcity.

·
View Answer

Economics

23 days ago

Which of the following do economists consider to be capital? Multiple Choice a pair of stockings a construction crane a savings account a share of IBM stock

·
View Answer

Economics

23 days ago

Which of the following exemplifies a microeconomic question? Multiple Choice What is the current national rate of unemployment? Is the economy experiencing a decline in the rate of inflation? Will a new type of electronic reader or tablet increase the number of buyers? Is the aggregate output in the economy greater this year than last year?

·
View Answer

Economics

25 days ago

What does a cross price elasticity of 0.8 mean?

·
View Answer