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26 January, 15:42

When the economy goes into recession the biggest increase in unemployment is?

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  1. 26 January, 16:03
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    The answer is: cyclical because jobs are lost in many industries as they cut production

    when the economy goes into recession, most people will have lower purchasing power which will force them to buy less products.

    This situation will force companies to lower the amount of supply that they give to the market, which will lead to them cutting off several employees in order to maintain financial stability.
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