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Related Lesson
Cyclical Unemployment
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Knowledge Check
Question 1 of 5
Cyclical unemployment is defined as:
The amount of workers who have given up looking for work but would still take a job if it paid enough.
The natural rate of unemployment.
Unemployment correlated with business fluctuations.
Short-term unemployment caused by the difficulty of matching employees to open positions.
Persistent, long-term unemployment caused by long-lasting shocks to the economy.
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Related Courses
Course
Principles of Macroeconomics
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