WAEC Economics 2014 Question 32

Question 32

Labour Market

Cyclical unemployment is one associated with

  1. A.inadequate information.
  2. B.trade fluctuations.
  3. C.structural changes.
  4. D.seasonal changes.
Show the answer and explanation

Answer: B (trade fluctuations.)

Explanation

Cyclical unemployment comes from downswings in the trade (business) cycle.