10 Questions
Which type of unemployment occurs as a result of the business cycle?
Cyclical unemployment
Which type of unemployment occurs when people are between jobs?
Frictional unemployment
What is one reason why people may experience frictional unemployment?
Taking time off to raise children
Which type of unemployment is considered a natural part of the economy?
Frictional unemployment
What happens to businesses during cyclical unemployment?
They lay off workers to cut costs
Which type of unemployment occurs when there is a decline in economic activity?
Cyclical unemployment
What is one reason why people may experience frictional unemployment?
Graduating from school or college
When do businesses have to lay off workers during cyclical unemployment?
When there is a decrease in demand for goods and services
What is one reason why people may experience structural unemployment?
Technological advancements
Which type of unemployment is considered a natural part of the economy?
Frictional unemployment
Test your knowledge on different types of unemployment with this quiz! Learn about cyclical unemployment, which occurs during economic downturns, and frictional unemployment, which happens when individuals are between jobs. Challenge yourself and see how well you understand these concepts.
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