Period of time when unemployment rises and businesses begin to produce less and less

Cyclical unemployment

Explanation:

The process of this happening is known as Cyclical unemployment. This is something that is common in every country around the world and tends to happen due to many reasons. Each countries economic cycle is different and follows different ranges. The United States Economic Cycle tends to happen roughly every 8 years, although this is not 100% guaranteed. When it does happen Stock Markets tend to crash which is what causes a chain reaction that leads to unemployment rises and businesses producing less and less as there is less consumer spending.

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