Unemployment that is the result of deregulation, corporate downsizing, and the closure of military
bases is best categorized as frictional unemployment.

Question

Quizplus · Accepted Answer

Frictional unemployment refers to temporary unemployment that occurs when a worker is between jobs or searching for a new job. Unemployment resulting from deregulation, corporate downsizing, and the closure of military bases is better categorized as structural unemployment, which is a more long-term phenomenon resulting from changes in the structure of the economy.

Unemployment That Is the Result of Deregulation, Corporate Downsizing, and the Closure