Recently,banking has become easier with automated teller machines replacing bank tellers.The loss of tellers' jobs is an example of _____.
A)cyclical unemployment
B)structural unemployment
C)frictional unemployment
D)underemployment
E)voluntary unemployment

Question

Quizplus · Accepted Answer

Structural unemployment refers to job losses caused by changes in technology, market demand, or other lasting factors that make certain skills or occupations less in demand. The replacement of bank tellers by automated teller machines is a clear example of structural unemployment.

Recently,banking Has Become Easier with Automated Teller Machines Replacing Bank