As a result of decreased production, david lost his job designing cars. which terms can be used to describe david? check all that apply. cyclically unemployed domestically unemployed frictionally unemployed structurally unemployed still employed unemployed

Answer;

Cyclical unemployment; unemployment

Explanation;

-Unemployment occurs when a person who is actively searching for employment is unable to find work. Unemployment is often used as a measure of the health of the economy.

-Unemployment may be voluntary and involuntary unemployment. When unemployment is voluntary, it means that a person has left his job willingly in search of other employment. When it is involuntary, it means that a person has been fired or laid off and must now look for another job.  There are various types of unemployment;

For example; Cyclical unemployment comes around due to the business cycle itself. Cyclical unemployment rises during recessionary periods and declines during periods of economic growth. That's when demand for goods and services fall dramatically, forcing businesses to lay off large numbers of workers to cut costs.

-Cyclical unemployment tends to create more unemployment because the laid-off workers have less money to buy the things they need, further lowering demand.

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