Some Individuals Are Unemployed Because It Takes Time for Them

question 169

Multiple Choice

Some individuals are unemployed because it takes time for them to find jobs that fit their skill sets.These individuals would be considered to be

• A) frictionally unemployed.
• B) cyclically unemployed.
• C) structurally unemployed.
• D) overemployed.
• E) discouraged workers.

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Definitions:

Depression

An extended period of significant decline in economic activity across an economy, characterized by high unemployment, low consumer spending, and reduced industrial output.

Full Employment

A situation in an economy where all available labor resources are being used in the most economically efficient way, often characterized by the absence of cyclical unemployment.

Unemployment Rate

The statistic representing the percentage of the labor force that is out of work but seeking employment.

World War II

A global conflict lasting from 1939 to 1945, involving most of the world's nations including all of the great powers, eventually forming two opposing military alliances: the Allies and the Axis.