________ unemployment is short term,but ________ unemployment can last for longer periods because workers need time to acquire new skills.

Question

Quizplus · Accepted Answer

Cyclical unemployment is caused by downturns in the business cycle, while seasonal unemployment occurs due to seasonal fluctuations in labor demand. Structural unemployment is caused by a mismatch between the skills of workers and the skills required for available jobs, and it can last for longer periods of time because workers need time to acquire new skills. Frictional unemployment, on the other hand, is caused by workers transitioning between jobs or entering the labor force for the first time, and it is usually short-term. Therefore, the best choice for short-term unemployment is frictional, while the best choice for longer-term unemployment is structural. Choice D is the only option that correctly matches these descriptions.

________ Unemployment Is Short Term,but ________ Unemployment Can Last for Longer

Unemployment Is Short Term,but Unemployment Can Last for Longer