Cyclical unemployment
Cyclical unemployment
high level of inflation,unemployment,random shocks,changes in taste,decrease in consumption and lack of new capital
cyclical
associated with the business cycle, like during recessions
the business cycle
Recession
recession
changes in real GDP over the business cycle are largely attributable to changes in investment over the business cycle.
The unemployment rate in South Africa fluctuates as it does in every country around the world. There is no correlation with the fluctuations with the unemployment rate and the South African business cycle.
Cyclical, frictional, structural and classical.
A business cycle caused when incumbent politicians try to manipulate the economy to increase their chances of reelection.
trough