Podcast
Questions and Answers
Which type of unemployment occurs as a result of the business cycle?
Which type of unemployment occurs as a result of the business cycle?
- Seasonal unemployment
- Frictional unemployment
- Structural unemployment
- Cyclical unemployment (correct)
Which type of unemployment occurs when people are between jobs?
Which type of unemployment occurs when people are between jobs?
- Cyclical unemployment
- Structural unemployment
- Seasonal unemployment
- Frictional unemployment (correct)
What is one reason why people may experience frictional unemployment?
What is one reason why people may experience frictional unemployment?
- Decrease in demand for goods and services
- Lack of skills or qualifications
- Taking time off to raise children (correct)
- Changes in government policies
Which type of unemployment is considered a natural part of the economy?
Which type of unemployment is considered a natural part of the economy?
What happens to businesses during cyclical unemployment?
What happens to businesses during cyclical unemployment?
Which type of unemployment occurs when there is a decline in economic activity?
Which type of unemployment occurs when there is a decline in economic activity?
What is one reason why people may experience frictional unemployment?
What is one reason why people may experience frictional unemployment?
When do businesses have to lay off workers during cyclical unemployment?
When do businesses have to lay off workers during cyclical unemployment?
What is one reason why people may experience structural unemployment?
What is one reason why people may experience structural unemployment?
Which type of unemployment is considered a natural part of the economy?
Which type of unemployment is considered a natural part of the economy?
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