The three generally recognized types of unemployment are
A) voluntary, potential, and residual.
B) cyclical, frictional, and structural.
C) involuntary, temporary, and disciplinary.
D) teenage, female, and nonwhite.
E) classical, Keynesian, and post-Keynesian.

Question

Quizplus · Accepted Answer

The three generally recognized types of unemployment are cyclical, frictional, and structural. Cyclical unemployment refers to unemployment caused by downturns in the business cycle. Frictional unemployment is caused by time lags in matching available jobs and workers with the necessary skills. Structural unemployment results from changes in the structure of the economy, such as technological changes or shifts in consumer demand. The other choices are not recognized types of unemployment.

The Three Generally Recognized Types of Unemployment Are