Difference between revisions of "Cyclical unemployment"

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(Created page with "Cyclical unemployment is unemployment closely tied to the business cycle, like higher unemployment during a recession. ==Definition== According to Principles of Economi...")
 
 
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According to [[Principles of Economics by Timothy Taylor (3rd edition)]],
 
According to [[Principles of Economics by Timothy Taylor (3rd edition)]],
 
:[[Cyclical unemployment]]. Unemployment closely tied to the business cycle, like higher unemployment during a recession.
 
:[[Cyclical unemployment]]. Unemployment closely tied to the business cycle, like higher unemployment during a recession.
 
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According to [[Macroeconomics by Mankiw (7th edition)]],
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:[[Cyclical unemployment]]. The unemployment associated with short-run economic fluctuations; the deviation of the [[unemployment rate]] from the natural rate.
  
 
[[Category: Economics]][[Category: Articles]]
 
[[Category: Economics]][[Category: Articles]]

Latest revision as of 14:16, 2 July 2020

Cyclical unemployment is unemployment closely tied to the business cycle, like higher unemployment during a recession.

Definition

According to Principles of Economics by Timothy Taylor (3rd edition),

Cyclical unemployment. Unemployment closely tied to the business cycle, like higher unemployment during a recession.

According to Macroeconomics by Mankiw (7th edition),

Cyclical unemployment. The unemployment associated with short-run economic fluctuations; the deviation of the unemployment rate from the natural rate.