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4.2.3.2 Employment and unemployment
Types of Unemployment
Cyclical Unemployment
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Cyclical unemployment is caused by
fluctuations
in
aggregate
demand.
What is Cyclical Unemployment:
Cyclical unemployment is caused by fluctuations in
aggregate
demand.
What is Cyclical Unemployment:
Cyclical unemployment is caused by
fluctuations
in
aggregate demand.
Cyclical Unemployment is when there is fluctuations in
Aggregate
demand
this means that firms will employ
fewer
workers