Frictional unemployment is thought to explain relatively

a. Short spells of unemployment, as is structural unemployment.

b. Long spells of unemployment, as is structural unemployment.

c. Long spells of unemployment, while structural unemployment is thought to explain relatively short spells of unemployment.

d. Short spells of unemployment, while structural unemployment is thought to explain relatively long spells of unemployment.

Question

Business

Chris Diaz

16 September, 01:55

Frictional unemployment is thought to explain relatively

a. Short spells of unemployment, as is structural unemployment.

b. Long spells of unemployment, as is structural unemployment.

c. Long spells of unemployment, while structural unemployment is thought to explain relatively short spells of unemployment.

d. Short spells of unemployment, while structural unemployment is thought to explain relatively long spells of unemployment.

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Answers (1)

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Nadeen · Answer 1

Correct option is d. Short spells of unemployment, while structural unemployment is thought to explain relatively long spells of unemployment.

Explanation:

frictional unemployment is short term as it may arise due to update in industrial machinery or because of natural job search process whereas the structural unemployment is relatively long term and can hamper economical growth. This makes option d an obvious choice which defines frictional unemployment and structural unemployment correctly.