Unemployment that occurs from fundamental technological changes in the production, or from the substitution of new goods for customary ones, is known as:
A) underemployment.
B) seasonal unemployment.
C) frictional unemployment.
D) structural unemployment.
E) cyclical unemployment.

Question

Quizplus · Accepted Answer

Structural unemployment occurs when there is a mismatch between the skills of workers and the requirements of available jobs, often caused by technological changes or shifts in consumer preferences leading to a decline in demand for certain goods or services.

Unemployment That Occurs from Fundamental Technological Changes in the Production