Unemployment caused by the recession of 2008-2010 is an example of which of the following types of unemployment?

Cyclical

- Unemployment caused by the recession of 2008-2010 is an example of cyclical unemployment.

- Cyclical unemployment occurs due to fluctuations in the business cycle and economic downturns.

- During a recession, businesses experience decreased demand, leading to a decline in production and employment.

- As a result, many individuals lose their jobs or struggle to find employment due to the overall economic slowdown. Cyclical unemployment is closely tied to the ups and downs of the economy and tends to rise during periods of economic contraction or recession.