Cyclical unemployment is the fluctuating unemployment
over the business cycle—unemployment increases
during recessions and decreases during expansions.
At full employment, there is no cyclical unemployment.
At the business cycle trough, cyclical unemployment is
At the business cycle peak, cyclical unemployment is
Don't use plagiarized sources. Get Your Custom Essay on
Unemployment and Real GDP
GET AN ESSAY WRITTEN FOR YOU FROM AS LOW AS $13/PAGE