The three types of unemployment are
A)frictional, structural, and involuntary.
B)voluntary, involuntary, and natural.
C)voluntary, involuntary, and cyclical.
D)frictional, structural, and cyclical.
E)cyclical, maternity leave, and paternity leave.

Question

Quizplus · Accepted Answer

The three types of unemployment are frictional, structural, and cyclical. Frictional unemployment occurs when people are between jobs and searching for new ones. Structural unemployment occurs when there is a mismatch between the skills of workers and the needs of employers. Cyclical unemployment occurs when there is a downturn in the business cycle and employers lay off workers due to decreased demand for goods and services.

The Three Types of Unemployment Are