Structural Unemployment

question 278

Multiple Choice

Structural unemployment

• A) falls as the pace of technological progress increases.
• B) generally lasts longer than frictional unemployment.
• C) falls during the expansion phase of the business cycle.
• D) falls when the government provides more generous unemployment compensation benefits.

---

Definitions:

Entrepreneurs

Individuals who create and manage a business venture, taking on financial risks in the hope of profit.

Perfect Storm

A situation where a combination of circumstances significantly aggravates an event.

Entrepreneurship

The process of designing, launching, and running a new business, often characterized by innovation, risk-taking, and the pursuit of growth.

Growth Needs

Psychological requirements essential for personal development and self-actualization, beyond basic physiological or safety needs.