What type of unemployment occurs when a decrease in overall demand causes people to lose their jobs?

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Unemployment due to job transitionsUnemployment related to seasonal changesUnemployment caused by fluctuations in the economic cycleUnemployment resulting from changes in industry structureNone of the above

Explanation

When unemployment arises because of a drop in aggregate demand, it is classified as cyclical unemployment. This type of unemployment is linked to the ups and downs of the economic cycle, unlike frictional, seasonal, or structural unemployment.