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There are three types of unemployment that we have learned (Frictional, Structural, and Cyclical). Select one of the three types of unemployment and briefly explain
There are three types of unemployment that we have learned (Frictional, Structural, and Cyclical).
- Select one of the three types of unemployment and briefly explain what that type of unemployment is. In the type selected give a fictitious example of a person who might be considered or meets the criteria for being counted in that type and why.
- Think like an economist, should government try to "help" this type of unemployed individual. If not, why? If so, what can we do as a government or society to help those unemployed for the type selected in your fictitious example to where they can find work again?
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