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Economics - Financial Markets 7 Online
OpenStudy (anonymous):

I really need help please Unemployment caused by changes in the economy which are more permanent and require employees to retool in order to be employable in the ‘new’ economy is called? a. structural unemployment b. statistical unemployment c. cyclical unemployment d. inflational unemployment If you are in a community in which the number of unemployed people has grown and people remain unemployed for relatively long period of time, what type of unemployment exists? Select one: a. Cyclical b. Frictional c. Structural d. None of the above If an economist refers to cyclical unemployment, to which of the following characteristics is he referring? Select one: a. Relatively low unemployment numbers b. Relatively high unemployment numbers c. People who are unemployed because they need retraining d. People who are briefly between jobs

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