EBK ECON: MACRO4
4th Edition
ISBN: 9781305562097
Author: MCEACHERN
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Question
Chapter 7, Problem 1.3PA
To determine
Types of
Concept Introduction:
a. Frictional unemployment arises due to the fact that people moving from one job to another.
b. Structural unemployment refers to the unemployment that arises due to the technological or policy changes and also due to the fluctuations in the demand and supply.
c. Seasonal unemployment is the unemployment that arises due to the mismatch between skills required and also due to the seasonal demand of products.
d. Cyclical unemployment is the unemployment that arises due to the cyclical trends in the growth and production.
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