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Match the Following Statements with the Options Below

Question 60

Short Answer

Match the following statements with the options below:
Statement
(a) When an industry declines and people become unemployed, this is classified as:
(b) Unemployment that results from a drop in aggregate demand is classified as:
(c) When a person is unemployed while looking for a job after re- entering the workforce following taking time off to have a family, this is classified as:

(i) structural unemployment.
(ii) frictional unemployment.
(iii) cyclical unemployment.

Correct Answer:

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(a) i
(b)...

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