dp5

Question 1

Cyclical unemployment facts causing

Answer 1

– generally affected by weaker aggregate demand factors slow spending on Australian made g/s

Ad conditions affect pace of eco activity such as consumer confidence, business confidence, disposable income, government spending, interest rate and overseas economic activity. Slows spending.

Question 2

Natural unemployment (structural, frictional, seasonal)
factors causing

Answer 2

Natural unemployment (especially unemployment) is caused by changing aggregate supply conditions that alter way of g/s produced and/or firms expand or close down
Unlike cyclical unemployment that can occur only in a recession, some natural unemployment exists all the time, even in healthy economies.

Question 3

frictional unemployment

Answer 3

when people are unemployed
between finishing one job and starting another.