The unemployment associated with an economic downturn like those associated with the COVID pandemic, or the Great Recession are referred to as Structural unemployment Frictional unemployment Natural unemployment Cyclical unemployment

The unemployment associated with an economic downturn like those associated with the COVID pandemic, or the Great Recession are referred to as Structural unemployment Frictional unemployment Natural unemployment Cyclical unemployment

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter12: Business Cycles And Unemployment

Section: Chapter Questions

Problem 14SQ

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Question

The unemployment associated with an economic downturn like those associated with the COVID pandemic, or the Great Recession are referred to as

Structural unemployment

Frictional unemployment

Natural unemployment

Cyclical unemployment

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

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