Statement which is true regarding unemployment is, " people who lost their jobs during the recession experienced cyclical unemployment."
An job category that is negatively impacted by the business cycle is cyclical unemployment. This type of unemployment develops when the business cycle is in the contraction and trough stages, which are linked to economic indicators of declining incomes.
Cyclical unemployment is that part of overall unemployment that is specifically brought on by periods of economic expansion and contraction. Normal economic cycles see a rise in unemployment during recessions and a decline during expansions.
To learn more about cyclical unemployment here:
brainly.com/question/13605812
#SPJ4
