Unemployment that arises when there is a mismatch between the quantity of labor demanded and the quantity of labor supplied is referred to as ________.

Name: Unemployment that arises when there is a mismatch between the quantity of labor demanded and the quantity of labor supplied is referred to as ________.
Brand: Quizplus
Rating: 4.9 (54 reviews)

Question

Quizplus · Accepted Answer

Structural unemployment occurs when the skills or location of available workers do not match the jobs available, leading to a mismatch in labor demand and supply.

Unemployment That Arises When There Is a Mismatch Between the Quantity