Question 25 • CMS 2026-2027 Economics and Personal Finance INITIAL CREDIT
David is unemployed because he lost his job and is no longer working. Since decreased production caused the job loss, he is cyclically unemployed: this type of unemployment results from reduced demand during an economic downturn. “Structurally unemployed” would instead point to a mismatch between workers’ skills and available jobs.
AI-written and checked against the verified answer.