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.

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Definitions:

Social Comparison Theory

A theory suggesting that individuals determine their own social and personal worth based on how they stack up against others.

Our Performance

refers to the execution or accomplishment of work, actions, or tasks by a person or a group, typically evaluated in the context of specific goals or standards.

Group Think Effect

The group think effect is a psychological phenomenon where the desire for group consensus and harmony overrides individuals' ability to critically evaluate alternative viewpoints.

Illusion Of Disagreement

A perception that a disagreement exists when, in fact, parties involved share more common ground than perceived differences.