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3 September, 19:34

Suppose that the natural rate of unemployment during the Great Depression and the Great Recession was 5%. a. During the worst part of the Great Depression, cyclical unemployment was equal to 26 %. b. During the worst part of the Great Recession, cyclical unemployment was equal to 5

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  1. 3 September, 19:55
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    The correct answer is a: During the worst part of the Great Depression, cyclical unemployment was equal to 26%. As,

    Explanation:

    Cyclical unemployment depends on the economic cycle that a country's economy is going through at a given time. In stages of recession or crisis, cyclical unemployment increases while in phases of expansion it decreases.
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