ECONOMICS
INFLATION
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Structural
|
|
|
Seasonal
|
|
|
Frictional
|
|
|
Cyclical
|
Detailed explanation-1: -It is October, and Seth is laid off from work because he is a life guard at the local water park which is now closing until next May. He is experiencing what kind of unemployment? Q. Unemployment caused by a fall in demand for goods and services across the economy.
Detailed explanation-2: -Frictional unemployment examples include: People who leave their current job to find a better one. People who are entering the workforce for the first time. People who are reentering the workforce.
Detailed explanation-3: -5. Long-term unemployment. Long-term unemployment occurs when someone has been looking for a job for over 12 months. Other types of unemployment, such as frictional, cyclical and structural, contribute to this type of unemployment if they continue for a long time.
Detailed explanation-4: -The first type of unemployment is frictional unemployment, which occurs when people take time to find a job; it is the short-term unemployment associated with the process of matching workers with jobs.