Why Unemployment Rises in a Recession I 60 Second Economics
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Why Unemployment Rises in a Recession I 60 Second Economics
Why does unemployment rise so sharply during a recession? In this video, Geoff Riley explains the connection between falling aggregate demand, lower business output and demand-deficient (cyclical) unemployment. #Recession #Unemployment #CyclicalUnemployment #AggregateDemand #MultiplierEffect #Hysteresis #LabourMarket #Macroeconomics #UKEconomy ...
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