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:
Verified
(b)...
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