The unemployment that resulted when the typewriter industry went into decline is called _____.
A) classical unemployment
B) structural unemployment
C) frictional unemployment
D) cyclical unemployment

Question

Quizplus · Accepted Answer

Structural unemployment occurs when there is a long-term decline in demand for a particular type of job, in this case, due to the decline of the typewriter industry, making the skills associated with that industry less in demand.

The Unemployment That Resulted When the Typewriter Industry Went into Decline