Which of the following statements about structural unemployment is true?
A) Structural unemployment can be eliminated through government intervention.
B) Structural unemployment is equal to zero when the economy is in an expansion.
C) Structural unemployment cannot be eliminated.
D) Structural unemployment is not a burden on household incomes.
E) Structural unemployment is unhealthy for the long-run growth of an economy.

Question

Quizplus · Accepted Answer

Structural unemployment cannot be eliminated because it is caused by underlying changes in the economy, such as technological advancements or changes in consumer preferences. It is not a cyclical phenomenon that can be remedied through government intervention or changes in monetary policy.

Which of the Following Statements About Structural Unemployment Is True