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Questions and Answers
Which type of unemployment occurs when there is a mismatch between a worker's skills and the available jobs in the market?
Which type of unemployment occurs when there is a mismatch between a worker's skills and the available jobs in the market?
- Seasonal Unemployment
- Structural Unemployment (correct)
- Frictional Unemployment
- Cyclical Unemployment
What is the term used to describe unemployment that occurs during certain seasons of the year?
What is the term used to describe unemployment that occurs during certain seasons of the year?
- Seasonal Unemployment (correct)
- Cyclical Unemployment
- Structural Unemployment
- Frictional Unemployment
Which type of unemployment occurs when people are unemployed for a short span of time while searching for a new job or switching between jobs?
Which type of unemployment occurs when people are unemployed for a short span of time while searching for a new job or switching between jobs?
- Structural Unemployment
- Seasonal Unemployment
- Cyclical Unemployment
- Frictional Unemployment (correct)
What is the term used to describe unemployment caused by the business cycle, where the number of unemployed individuals rises during recessions and declines with economic growth?
What is the term used to describe unemployment caused by the business cycle, where the number of unemployed individuals rises during recessions and declines with economic growth?
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Study Notes
Types of Unemployment
- Structural Unemployment occurs when there is a mismatch between a worker's skills and the available jobs in the market.
- Seasonal Unemployment is the type of unemployment that occurs during certain seasons of the year.
- Frictional Unemployment occurs when people are unemployed for a short span of time while searching for a new job or switching between jobs.
- Cyclical Unemployment is the type of unemployment caused by the business cycle, where the number of unemployed individuals rises during recessions and declines with economic growth.
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