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SSC MTS 2023 PYQ — Question 66

SSC MTS - 03 May 2023 - Shift 2 • General Awareness • Q66

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

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Correct answer: D

Explanation

The correct answer is option 4 i.e. 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.
  • During periods of economic downturns or recessions, such as the one experienced from 2008 to 2010, the demand for goods and services decreases, leading to a reduction in production and, consequently, layoffs and higher unemployment rates.