Explain Three Different Types of Unemployment

question 68

Essay

Explain three different types of unemployment. Give an example of each type.
Given what you have learned about the different types of unemployment, suggest three policies that could be used to reduce unemployment, one for each type of unemployment.

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Definitions:

Government Contract

A legal agreement between a government entity and a private company for goods or services, often involving specific regulatory requirements.

Company Fraud

Illegal activities conducted by a company or its representatives, intended to deceive investors, authorities, or the public for financial gain.

CAPM

The Capital Asset Pricing Model, a theoretical framework used to determine the expected return on an investment based on its risk in comparison to the market.

Systematic Risk

A type of risk associated with the entire market or a particular market segment that remains unaffected by diversification efforts.