Which type of unemployment is likely to decrease the most during an economy's boom?
A) frictional unemployment
B) seasonal unemployment
C) structural unemployment
D) cyclical unemployment
E) underemployment

Question

Quizplus · Accepted Answer

During an economy's boom, there is usually an increase in demand for goods and services, which leads to an increase in production and employment. This would lead to a decrease in cyclical unemployment, which is the unemployment that occurs as a result of changes in the business cycle.

Which Type of Unemployment Is Likely to Decrease the Most