Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Which of the following statements is true? a The four types of unemployment are frictional, structural, seasonal and cyclical. b Structural unemployment refers basically to
Which of the following statements is true?
a
The four types of unemployment are frictional, structural, seasonal and cyclical.
b
Structural unemploymentrefers basically to those who are between jobs, and it is considered a good type of unemployment and short-term.
c
Frictional unemploymentis caused by either skills mismatch or geographic mismatch between job seekers and employers. This can be a long-term type of unemployment.
d
All of the above.
e
Only a) and b)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started