How Business Cycle Can Affect Cyclical Unemployment? Cyclical unemployment is the main cause of high unemployment rates. It’s caused by a downturn in the business cycle. It’s part of the natural rise and fall of economic growth that occurs over time. Cyclical unemployment is temporary and depends on the length of economic contractions caused by
How Did Keynes Explain The Business Cycle? Marginal Efficiency of Capital How does the Keynesian economist respond to the business cycle of an economy? Keynesian theorists argue that economies do not stabilize themselves very quickly and require active intervention that boosts short-term demand in the economy. Wages and employment, they argue, are slower to respond
What Economic Problems Did The Roman Empire Face? What economic problems did the Roman Empire face? The Romans faced many economic problems that included inflation, decrease in trade and unemployment. There was a drastic drop in the value of money and rise in prices. Raiders threatened ships and caravans on sea and land. What were