Unemployment increases during recessions as capital investment declines, leading to structural unemployment, while cyclical unemployment also rises. Expansionary policies can be applied during recessions to boost the economy and reduce unemployment. Different types of unemployment exist including frictional, structural, cyclical, and seasonal unemployment.
Unemployment increases during recessions as capital investment declines, leading to structural unemployment, while cyclical unemployment also rises. Expansionary policies can be applied during recessions to boost the economy and reduce unemployment. Different types of unemployment exist including frictional, structural, cyclical, and seasonal unemployment.
Unemployment increases during recessions as capital investment declines, leading to structural unemployment, while cyclical unemployment also rises. Expansionary policies can be applied during recessions to boost the economy and reduce unemployment. Different types of unemployment exist including frictional, structural, cyclical, and seasonal unemployment.