Since the invention of automatic teller machines, many bank tellers have lost their jobs. This is an example of _____ unemployment.
A) structural
B) frictional
C) cyclical
D) statistical

Question

Quizplus · Accepted Answer

Structural unemployment refers to a situation where the demand for certain types of jobs decreases or disappears due to changes in technology, industry, or the overall structure of the economy. In this case, the invention of automatic teller machines replaced the need for some bank tellers, leading to their unemployment.

Since the Invention of Automatic Teller Machines, Many Bank Tellers