Cyclical Unemployment 2
Cyclical Unemployment 2 :
This refers to unemployment which is associated with economic cycles of "booms" and "slumps". "Booms" and "slumps" are periods of economic prosperity and economic depression respectively. During periods of "boom", demand for goods and services is at a high, resulting in increasing production and more persons being employed. In times of a "slump", the opposite obtains
No records Found