Question : Which of the following unemployment is the result of depression in an economy?
Option 1: Cyclical unemployment
Option 2: Frictional unemployment
Option 3: Seasonal unemployment
Option 4: Structural unemployment
Correct Answer: Cyclical unemployment
Solution : The correct option is Cyclical Unemployment.
The type of unemployment that is the result of a depression or a prolonged economic downturn is called " Cyclical Unemployment ". During a recession or economic depression, businesses may cut back on production, leading to a decline in demand for labour, resulting in job losses and cyclical unemployment.
Related Questions
Know More about
Staff Selection Commission Multi Tasking ...
Answer Key | Cutoff | Selection Process | Preparation Tips | Eligibility | Application | Exam Pattern
Get Updates Brochure
Your Staff Selection Commission Multi Tasking Staff Exam brochure has been successfully mailed to your registered email id “”.
