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

Question

Quizplus · Accepted Answer

Structural unemployment occurs due to mismatches between the skills or locations of job seekers and the requirements or locations of available jobs, and it can persist even when the economy is performing well, reflecting a fundamental shift in the economy or labor market.

Which Statement CORRECTLY Describes "Structural Unemployment