_____ results from shifts in the demand for goods and services or changes in technology in the economy.

Question

Quizplus · Accepted Answer

Structural unemployment results from shifts in demand or changes in technology in the economy that make certain skills or jobs obsolete, leaving workers without necessary skills and without job prospects. This is different from frictional unemployment, which is due to temporary transitions or skills mismatch between workers and jobs, and cyclical unemployment, which is due to fluctuations in the business cycle.

_____ Results from Shifts in the Demand for Goods and Services