The portion of unemployment that is due to changes in the structure of the economy that result in a significant loss of jobs in certain industries is ________ unemployment.
A) cyclical
B) structural
C) frictional
D) seasonal

Question

Quizplus · Accepted Answer

Structural unemployment is caused by changes in the economy that result in a significant loss of jobs in certain industries. This can be due to changes in technology, international competition, or shifts in consumer preferences. It is different from cyclical unemployment, which is caused by fluctuations in the business cycle, or frictional unemployment, which is the temporary unemployment that occurs as workers move between jobs. Seasonal unemployment is another type of temporary unemployment that occurs during certain times of the year, such as in the agricultural or tourism industries.

The Portion of Unemployment That Is Due to Changes in the Structure