The advice to "retrain" would be most appropriate for which of the following types of unemployment?
A)frictional unemployment
B)structural unemployment
C)cyclical unemployment
D)core unemployment

Question

Quizplus · Accepted Answer

Retraining is most appropriate for structural unemployment because it occurs when there is a mismatch between the skills that workers have and the skills that are needed in the current job market. Retraining can provide workers with the skills they need to find employment in a different industry or sector. Frictional unemployment is caused by the temporary or voluntary nature of job transitions and is typically short-term. Cyclical unemployment results from changes in the business cycle and economic conditions, and core unemployment refers to long-term unemployment caused by structural factors in the economy.

The Advice to "Retrain" Would Be Most Appropriate for Which