Recently,banking has become easier with automated teller machines replacing bank tellers.The loss of tellers' jobs is an example of _____.

A) cyclical unemployment
B) structural unemployment
C) frictional unemployment
D) underemployment
E) voluntary unemployment

Structural Unemployment

The loss of jobs stemming from changes in industrial setups, usually driven by innovations in technology, instead of shifts in market demand or supply.

Bank Tellers

Employees of banks who deal directly with customers, handling transactions and other financial inquiries.

Automated Teller Machines

Electronic banking outlets that allow customers to complete transactions without the need for a branch representative or teller.