Which Statement Correctly Describes "Structural Unemployment

question 59

Multiple Choice

Which statement correctly describes "structural unemployment"?

• A)Structural unemployment is also called "frictional unemployment."
• B)Structural unemployment occurs even when the economy is at the natural unemployment rate.
• C)The amount of structural unemployment depends on normal labour turnover.
• D)Structural unemployment occurs mainly during recessions.

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Definitions:

Profit Maximize

The method through which a company identifies the optimal pricing and production volume to maximize its profits.

Output

Output is the total amount of goods or services produced by a company, sector, or economy within a certain period, indicating the level of productivity and capacity utilization.

Monopoly

A market structure characterized by a single seller who has exclusive control over the supply of a good or service, and where there are high barriers to entry for potential competitors.

Price

The cost associated with acquiring a good or service.