Which of the following is an example of cyclical unemployment? OA. Workers at ski resorts in Colorado are laid off during the summer. OB. Due to technological change, typewriter workers lose jobs and must retrain to find jobs in other industries OC. In an economic downturn, a manufacturing plant reduces production and temporarily lays off workers. OD. A student graduates from college and searches for a first job.

Which of the following is an example of cyclical unemployment? OA. Workers at ski resorts in Colorado are laid off during the summer. OB. Due to technological change, typewriter workers lose jobs and must retrain to find jobs in other industries OC. In an economic downturn, a manufacturing plant reduces production and temporarily lays off workers. OD. A student graduates from college and searches for a first job.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Which of the following is an example of cyclical unemployment? A. Due to technological change, typewriter workers lose jobs and must retrain to find jobs in other industries. B. A student graduates from college and searches for a first job. C. Workers in the tourism industry in Maine are laid off during the winter. D. In an economic downturn, a manufacturing plant reduces production and temporarily lays off workers.
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