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Meaning of cyclical unemployment

 

 

 

Cyclical unemployment

 

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Business glossary

 

Meaning of term cyclical unemployment :

 

Cyclical unemployment is often also called demand deficient unemployment. Workers are without a job because of a lack of aggregate demand due to a downturn in economic activity (a slowdown or recession).

 

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Cyclical unemployment

 

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Meaning of term cyclical unemployment

 

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