quot It is the component of overall unemployment that results from economic upturns and downturns I...........

Economic and Social Issues Poverty and employment

"It is the component of overall unemployment that results from economic upturns and downturns. It results when the overall demand for goods and services in an economy cannot support full employment. It rises during recessions and declines during economic expansions."

Which type of unemployment is being described in the above given passage?

Structural Unemployment

Tecnological Unemployment

Cyclic Unemployment

Underemployment

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Explanation:

Cyclical unemployment is unemployment that results when the overall demand for goods and services in an economy cannot support full employment. It occurs during periods of slow economic growth or during periods of economic contraction. It relates to the irregular ups and downs, or cyclical trends in growth and production, as measured by the gross domestic product (GDP), that occur within the business cycle. Hence option c is the correct answer.