Unemployment caused by changes in consumer demographics and automation technology is known as _____ unemployment.
A) frictional
B) structural
C) cyclical
D) seasonal

Question

Quizplus · Accepted Answer

Unemployment caused by changes in consumer demographics and automation technology is known as structural unemployment, as it is a result of a structural change in the economy. Frictional unemployment refers to temporary unemployment caused by transitions between jobs or entering the labor force, cyclical unemployment is caused by the business cycle and seasonal unemployment is caused by seasonal changes in demand for labor.

Unemployment Caused by Changes in Consumer Demographics and Automation Technology