What are the three main kinds of unemployment?
A)frictional,seasonal,and cyclical
B)temporary,permanent,and volunteer
C)cyclical,structural,and temporary
D)structural,frictional,and cyclical

Question

Quizplus · Accepted Answer

The three main kinds of unemployment are structural, frictional, and cyclical. Structural unemployment results when an individual's skills do not match the requirements of available job opportunities. Frictional unemployment occurs when people are in between jobs or transitioning between occupations. Finally, cyclical unemployment refers to job loss stemming from a downturn in the business cycle or overall economic conditions. Therefore, option D is the correct answer. Options A, B, and C either do not contain all three main types of unemployment or contain incorrect options.

What Are the Three Main Kinds of Unemployment