If There Is a Prolonged Recession and Technological Advances Change

question 72

Multiple Choice

If there is a prolonged recession and technological advances change the skill sets of some jobs and eliminate others,what type of unemployment gets larger?

• A)Frictional.
• B)Structural.
• C)Seasonal.
• D)None of the choices are correct.

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Definitions:

Tit For Tat

A strategy in game theory where a participant replicates an opponent's action, usually in the context of cooperative or retaliatory behavior.

Reciprocity

A social exchange principle where benefits are mutual, encouraging a culture of cooperative and equitable behavior.

Group Polarization

The phenomenon where discussions within a group lead to an exaggeration of the group's initial leanings, potentially resulting in more extreme positions.

Distress

A negative emotional state that arises when an individual perceives a situation as threatening or beyond their coping capabilities, often leading to discomfort or pain.