Cyclical and structural unemployment differ in that:
A) cyclical unemployment is involuntary, while structural unemployment is voluntary.
B) full employment occurs when everyone in the labor force other than the structurally unemployed is working.
C) cyclically unemployed persons have the possibility of regaining their jobs, while structurally unemployed persons have no possibility of regaining their jobs.
D) all of the above.

Question

Quizplus · Accepted Answer

Cyclical unemployment is directly related to the cyclical trends in the economy, such as recessions, meaning individuals may regain their jobs once the economy improves. Structural unemployment occurs due to shifts in the economy that change the demand for certain skills or locations, making it less likely for those affected to regain their previous jobs without retraining or relocating.

Cyclical and Structural Unemployment Differ in That