Cyclical unemployment occurs because
A) labor markets are heterogeneous and dynamic.
B) structural barriers such as unions and minimum wage laws keep wages too high to clear the labor market.
C) there are long-term mismatches between workers skills and jobs available.
D) the economy is experiencing a period of unusually low production.
Correct Answer:
Verified
Q88: Worker mobility and transition aid to workers
Q89: Structural unemployment occurs because
A)new jobs are created,
Q90: Structural unemployment is:
A)the additional unemployment not captured
Q91: Heterogeneity and the dynamic nature of labor
Q92: Cyclical unemployment is:
A)the additional unemployment not captured
Q94: Which of the following is an example
Q95: The costs of unemployment are lowest (and
Q96: From an economic perspective, the best response
Q97: Long-term chronic unemployment that results even when
Q98: Frictional unemployment is:
A)the unemployment that results when
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