Bill is a high-school drop out who lost his job in a fast food restaurant when the economy plunged into a recession. After 8 months, Bill is still looking for work. He is an example of
A) cyclical unemployment.
B) structural unemployment.
C) the natural unemployment rate
D) frictional unemployment.

Question

Quizplus · Accepted Answer

Bill's unemployment is due to the economic downturn, which is characteristic of cyclical unemployment.

Bill Is a High-School Drop Out Who Lost His Job