Asked by Kiara Venegas on May 22, 2024
Verified
Which of the following types of unemployment is the hardest to reduce?
A) Cyclical unemployment
B) Structural unemployment
C) Voluntary unemployment
D) Frictional unemployment
E) Seasonal unemployment
Unemployment
A situation where individuals who are capable of working and willing to work cannot find jobs.
Structural Unemployment
Unemployment that results from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand.
Cyclical Unemployment
A type of unemployment that results from business cycle fluctuations in the economy, typically increasing during recessions and decreasing during expansions.
- Compare and contrast the different kinds of unemployment.
Verified Answer
KB
kaylee brownMay 26, 2024
Final Answer :
B
Explanation :
Structural unemployment is caused by long-term changes in the economy, such as shifts in technology or changes in consumer demands. It is difficult to reduce because it requires individuals to retrain or obtain new skills that are in demand in the current job market. This can take time and require significant investments in education and training programs.
Learning Objectives
- Compare and contrast the different kinds of unemployment.