Which statement regarding the types of unemployment is TRUE?
A) Frictional unemployment is generally short-term, whereas structural unemployment is often long-term.
B) Cyclical unemployment is due to expansions in the business cycle.
C) Frictional unemployment is brought about by changes in technology.
D) Structural unemployment is the result of normal labor turnover.

Question

Quizplus · Accepted Answer

Frictional unemployment is temporary and occurs as workers move between jobs or enter the labor force for the first time. Structural unemployment results from a mismatch between the skills or location of workers and the available job openings, and can often be long-term. Cyclical unemployment is caused by downturns in the business cycle, and is not a type of unemployment brought about by changes in technology. Normal labor turnover may contribute to frictional unemployment, but is not the sole cause of structural unemployment.

Which Statement Regarding the Types of Unemployment Is TRUE