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4% w2084 nt: Homework Used with permission of Bloomberg L.P. Copyright 2016. All

ID: 1134986 • Letter: 4

Question

4% w2084 nt: Homework Used with permission of Bloomberg L.P. Copyright 2016. All rights reserved 1st attempt Here is a quote from the article: "Instead, these nonemployed workers tend to be those who have been left behind by the economic changes of the last generation. Their jobs have been replaced by technology or have gone overseas, and they can no longer find work that pays as well. Which type of unemployment does this quote describe? Choose one: A. structural B. seasonal C. frictional D. cyclical

Explanation / Answer

Answer
Option A
Structural unemployment which is done because of change in the organization working because of a change in technology.
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seasonal unemployment is because of seasonal demand for the product or the production is in the specific seasons
frictional unemployment is the time in job searching or switching the job
cyclical unemployment is because of slow or fast economic growth.

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