| 单词 | cyclical unemployment |
| 释义 | cyclical unemployment Unemployment during the recession phase of business cycles, which can be expected to disappear during the next boom. Because of continual changes in techniques and tastes, it is difficult to tell during any recession how much of the increase in unemployment is cyclical, and curable on Keynesian lines by a recovery in total effective demand, and how much is structural, due to a decline in the industries where people were formerly employed, and curable only by the rise of new forms of activity. Because of lags in hiring and firing, cycles in employment are normally lagged on cycles in production. |
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