Which statement correctly describes "structural unemployment"?
A)Structural unemployment is also called "frictional unemployment."
B)Structural unemployment occurs even when the economy is at the natural unemployment rate.
C)The amount of structural unemployment depends on normal labour turnover.
D)Structural unemployment occurs mainly during recessions.

Question

Quizplus · Accepted Answer

Structural unemployment occurs due to changes in the economy that create a mismatch between the skills workers have and the skills needed by employers, and it can exist even when the economy is at the natural rate of unemployment.

Which Statement Correctly Describes "Structural Unemployment