*Cyclical unemployment arises when:
A. the agriculture sector completes the cycle of planting, cultivating, and harvesting the nation’s food supply.
B. labor unions strike for higher wages.
C. the business cycle enters an expansionary phase.
D. business activity in the macroeconomy declines.
Answer:D
*Cyclical unemployment arises when:
A. the agriculture sector completes the cycle of planting, cultivating, and harvesting the nation’s food supply. B. labor unions strike for higher wages. C. the business cycle enters an expansionary phase. D. business activity in the macroeconomy declines.
Explanation: Type: Multiple Choice