There are many workers became jobless for a long term because of a recession resulted from CcOVID-19 pandemic. This is called: Select one: O A. Frictional unemployment В. Cyclical unemployment С. Structural unemployment OD. omploumnont

There are many workers became jobless for a long term because of a recession resulted from CcOVID-19 pandemic. This is called: Select one: O A. Frictional unemployment В. Cyclical unemployment С. Structural unemployment OD. omploumnont

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

There are many workers became jobless for a long term
because of a recession resulted from COVID-19 pandemic.
This is called:
Select one:
O A.
Frictional unemployment
В.
Cyclical unemployment
C.
Structural unemployment
D.
Real wage unemployment

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DERIVED THE UNEMPLOYMENT RATE. NO VOLUTION WIU BE CONVIDERED WRONG GIVEN PO PULATION =110 MILLICN TO TAL LABOR FORCE = 63 MILLION FRICTIONASLLY UNEMPLOYED = 2 MILLION STRUC TURALLY UNEM PLOYED = / MILLION CYCLICALLY UNE A PLOYED = 750 MILLION VEASONAL Y UNEMPLOYED - 2 50 MILIO4
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