Which of the following statements regarding the types of unemployment is TRUE?
A) Frictional unemployment is generally short-term, whereas structural unemployment is often long-term.
B) Cyclical unemployment is due to expansions in the business cycle.
C) Frictional unemployment is brought about by changes in technology.
D) Structural unemployment is the result of normal labor turnover.

Question

Quizplus · Accepted Answer

Frictional unemployment is typically short-term and occurs when people are between jobs or entering the workforce. Structural unemployment is often long-term and results from shifts in the economy that create a mismatch between the skills workers have and the skills needed for available jobs.

Which of the Following Statements Regarding the Types of Unemployment