The three types of unemployment are
A) frictional, structural, and cyclical.
B) frictional, part-time, and involuntary.
C) voluntary, involuntary, and structural.
D) voluntary, part-time, and cyclical.

Question

Quizplus · Accepted Answer

Frictional unemployment is caused by individuals voluntarily changing jobs or being temporarily out of work while searching for a new job. Structural unemployment results from a mismatch between the skills and qualifications of workers and the job openings available. Cyclical unemployment occurs due to fluctuations in the overall economy, specifically during times of recession or depression. Part-time and involuntary unemployment are not types recognized by economists.

The Three Types of Unemployment Are