Identify and State the Historical Significance of the Following

question 140

Short Answer

Identify and state the historical significance of the following:
-Josiah Strong

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Definitions:

Structural Unemployment

A form of unemployment caused by shifts in the economy or changes in technology that create a mismatch between the skills of the workforce and the needs of employers.

Necessary Skills

The essential abilities and expertise required for effective performance in a specific job or activity.

Longer in Demand

Products or services that experience sustained interest and need from consumers over an extended period.

Federal Reserve System

The Federal Reserve System is the central banking system of the United States, responsible for monetary policy, regulation of financial institutions, and provision of financial services.