unemployment due to a recession, when the rate of unemployment is above the natural rate of unemployment.
results from fluctuations in the level of economic activity and consequent fluctuations in industry demand for workers. The deposit multiplier gives the increase in bank deposits per unit increase in bank reserves.
Unemployment in excess of frictional, structural and seasonal unemployment.
Men out of work because of a depression. It is identical to demand-deficient unemployment, distinct from frictional unemployment.
A form of unemployment – rises in times of economic recession and falls in times of prosperity. Now shows signs of being able to withstand increased prosperity.
The deviation of unemployment from its natural rate due to fluctuations in the business cycle Back to the top
Temporary layoff of workers due to downturns in the pace of economic activity.
Unemployment caused by a low level of aggregate demand associated with recession in the business cycle.
Fluctuations in the business cycle resulting in lower output and therefore less employment