Which is a correct statement?
A) Frictional unemployment is the result of frictions between labor and management over how best to perform work.
B) Structural unemployment results from changes in the structure of consumer demand or technology.
C) Cyclical unemployment is also called wait unemployment because this unemployment depends on the timing of the business cycle.
D) Search unemployment is the broadest unemployment category because it covers all other types of unemployment.

Question

Quizplus · Accepted Answer

Structural unemployment occurs when there are changes in the economy that alter the demand for certain skills, often due to technological advancements or shifts in consumer preferences.

Which Is a Correct Statement