A nation that has experienced long-term unemployment for over 50 years has only frictional unemployment.

Question

Quizplus · Accepted Answer

It is highly unlikely for a nation to experience only frictional unemployment for over 50 years. Frictional unemployment is a short-term form of unemployment that occurs when individuals are temporarily between jobs or are transitioning to a new one. Therefore, it is more likely for a nation to experience structural or cyclical unemployment over a long period of time.

A Nation That Has Experienced Long-Term Unemployment for Over 50