Unemployment that occurs from fundamental technological changes in the production, or from the substitution of new goods for traditional ones, is known as: O structural unemployment. O frictional unemployment. O underemployment. O cyclical unemployment.

Unemployment that occurs from fundamental technological changes in the production, or from the substitution of new goods for traditional ones, is known as: O structural unemployment. O frictional unemployment. O underemployment. O cyclical unemployment.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter20: Unemployment

Section: Chapter Questions

Problem 1PA

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Question

Unemployment that occurs from fundamental technological changes in the production, or from the
substitution of new goods for traditional ones, is known as:
structural unemployment.
O frictional unemployment.
O underemployment.
O cyclical unemployment.

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