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d. Goods and services whose quality improves at til 12. When a student finishes college and begins looking for work. a. Cycli
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Answer 12

c) Frictional unemployment increases

This is because it takes time to find new jobs. It is a normal state where normal turnover in the labour market increases because of addition to more working population.

Answer 13

b) Structural Unemployment

This is because the skills of these horse-drawn carriages maker has become obsolete and there is an advancement in the technology.

Answer 14

c) Cyclical unemployment falls

This is because the expansion has lead to a sudden increase in demand for labour but that demand will not be forever.. Such a sudden increase is cyclical in nature

Answer 15

b) Cyclical unemployment is zero

Frictional and Structural unemployement are considered as good unemployments. Only when there is no cyclical unemployement can we say that there is full employment.

Answer 16

a) Both frictional and structural unemployment

It is that rate that would exist in a growing and healthy economy. Thus, it excludes cyclical unemployment.

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