Question

What is the most recent approximate interval during which the cyclical unemployment rate has been positive? During what most recent approximate interval was the cyclical unemployment rate negative? Explain briefly.

Short answer

Cyclical employment is negative when the material is used more than normal.

Cyclical employment is positive when the material is used at lower level.

Step-by-step solution

Introduction

To find the positive and negative of the most recent approximate period when the cyclical unemployment rate. When an economy's output exceeds its growth Rate of GDP, materials are used more efficiently than normal, and cyclical unemployment is negative.

Explanation of cyclic unemployment rate.

When an economy's output deviates from aggregate Supply, or the long-term average level of output in an economy, cyclical unemployment arises. If an economy's production decreases below its potential GDP level, resources are used at lower levels than usual, and cyclical unemployment is positive. Simply, cyclical unemployment occurs during business cycles, such as recessions and booms.