What are the four basic types of unemployment?
A) recovery, expansion, contraction, and stagnation
B) natural, artificial, voluntary, and induced
C) micro, macro, industrial, and market-specific
D) cyclical, seasonal, structural, and frictional

Question

Quizplus · Accepted Answer

The four basic types of unemployment are cyclical, seasonal, structural, and frictional. Cyclical unemployment is caused by changes in the business cycle, while seasonal unemployment is caused by seasonal variations in employment, such as agricultural or tourism jobs. Structural unemployment is caused by shifts in the economy and changes in demand for certain industries or jobs, and frictional unemployment is the temporary unemployment that occurs when people are transitioning between jobs or entering the workforce for the first time.

What Are the Four Basic Types of Unemployment