If there were no factors keeping wages from reaching equilibrium then there would be no
A)cyclical unemployment.
B)frictional unemployment.
C)structural unemployment.
D)natural rate of unemployment.

Question

Quizplus · Accepted Answer

Structural unemployment occurs when there are mismatches between the skills of the workforce and the needs of employers, often due to technological changes or other factors. If wages could adjust freely to reach equilibrium, these mismatches would be resolved, eliminating structural unemployment.

If There Were No Factors Keeping Wages from Reaching Equilibrium