Difference between revisions of "Cyclical unemployment"
(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. | ||
| − | + | 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. | ||
[[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.
