Which of the following types of unemployment is the hardest to reduce?
A) cyclical unemployment
B) structural unemployment
C) voluntary unemployment
D) frictional unemployment
E) seasonal unemployment

Question

Quizplus · Accepted Answer

Structural unemployment arises due to changes in the structure of the economy and is often long-term in nature. These changes include advancements in technology and globalization, which lead to a shift in the demand for certain skills and jobs. It is difficult to reduce structural unemployment as it requires re-skilling and retraining of workers, which can take time and resources.

Which of the Following Types of Unemployment Is the Hardest