In February 2020 the number of unemployed in the U.S. was 5.8 million and the unemployment rate was 3.5%. The vast majority of the people who were then unemployed A. were experiencing structural unemployment arising from a mismatch between skills and job requirements. B. were experiencing cyclical unemployment due to a slowdown in economic activity. C. were experiencing structural unemployment which is a type of unemployment very difficult to resolve without government intervention. D. were experiencing either cyclical or structural unemployment. E. were experiencing either frictional or structural unemployment, but not cyclical unemployment.
In February 2020 the number of unemployed in the U.S. was 5.8 million and the unemployment rate was 3.5%. The vast majority of the people who were then unemployed A. were experiencing structural unemployment arising from a mismatch between skills and job requirements. B. were experiencing cyclical unemployment due to a slowdown in economic activity. C. were experiencing structural unemployment which is a type of unemployment very difficult to resolve without government intervention. D. were experiencing either cyclical or structural unemployment. E. were experiencing either frictional or structural unemployment, but not cyclical unemployment.
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
Problem 7P
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Question
In February 2020 the number of unemployed in the U.S. was 5.8 million and the
A. |
were experiencing structural unemployment arising from a mismatch between skills and job requirements. |
|
B. |
were experiencing cyclical unemployment due to a slowdown in economic activity. |
|
C. |
were experiencing structural unemployment which is a type of unemployment very difficult to resolve without government intervention. |
|
D. |
were experiencing either cyclical or structural unemployment. |
|
E. |
were experiencing either frictional or structural unemployment, but not cyclical unemployment. |
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