unemployment questions

What is a significant consequence of high unemployment rates for a society?

• Increased economic growth

• Improved social stability

• Devastating societal impact

• Reduced government spending

Which type of unemployment describes individuals who are temporarily out of work while actively searching for their first job or switching between jobs?

• Structural unemployment

• Cyclical unemployment

• Frictional unemployment

• Seasonal unemployment

What type of unemployment occurs when jobs become outdated or obsolete due to a skill set that is no longer useful, often because of technological advancements or industry shifts?

• Frictional unemployment

• Structural unemployment

• Cyclical unemployment

• Seasonal unemployment

When unemployment rises due to a downturn in the business cycle, such as a recession, what is this type of unemployment called?

• Frictional unemployment

• Structural unemployment

• Cyclical unemployment

• Seasonal unemployment

Which type of unemployment is characterized by industries slowing down or shutting down for a particular period due to predictable changes in demand or weather conditions?

• Frictional unemployment

• Structural unemployment

• Cyclical unemployment

• Seasonal unemployment