What Are the Two Types of Unemployment That Are Consistent

question 91

Multiple Choice

What are the two types of unemployment that are consistent with a dynamic,growing economy?

• A) cyclical and structural
• B) real and nominal
• C) frictional and cyclical
• D) frictional and structural
• E) natural and cyclical

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Definitions:

Lifestyle

The interests, opinions, behaviors, and behavioral orientations of an individual, group, or culture.

Local Culture

The collection of customs, beliefs, art, and way of life that is specific to a geographical area, community, or group, distinct from global or dominant cultures.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, largely driven by international trade and investment, aided by information technology.

Anthony Giddens

A contemporary British sociologist renowned for his theory of structuration and his holistic view of modern societies, including the influences of globalization and identity.