If there are 10 job vacancies and 9 people unemployed then there exists A. only structural...
If there are 10 job vacancies and 9 people unemployed then there exists
| A. |
only structural unemployment and the economy is at full employment. |
|
| B. |
only frictional and cyclical unemployment. |
|
| C. |
only structural and cyclical unemployment. |
|
| D. |
only structural and frictional unemployment. |
Homework Answers
- Option d is the answer.
- Only structural and frictional unemployment.
- Structural unemployment is when there are technological changes and industrial reorganisation. When these changes happens, the workers who do not have enough knowledge about the new technologies will be unemployed. Frictional unemployment happens when people want change of jobs for better salaries, working conditions etc.
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