Bill is a high-school dropout who lost his job in a fast food restaurant when the economy plunged into a recession. After 8 months, Bill is still looking for work. He is an example of
A) frictional unemployment.
B) structural unemployment.
C) cyclical unemployment.
D) the natural unemployment rate.

Question

Quizplus · Accepted Answer

Bill's situation is an example of cyclical unemployment, which occurs due to downturns in the economy or a recession, leading to job losses as businesses cut back on production and services.

Bill Is a High-School Dropout Who Lost His Job in a Fast