A type of unemployment caused by insufficient total spending___________________?
Correct answer: C. Cyclical unemployment
- A. Under employment
- B. Underdevelopment
- C. Cyclical unemployment
- D. None
Explanation
Cyclical unemployment results from inadequate aggregate demand during economic downturns, when firms reduce production and employment. Underemployment means working below one's capacity or desired hours, not necessarily unemployment caused by weak total spending.
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