Structural Unemployment

question 34

Multiple Choice

Structural unemployment

• A) falls during the expansion phase of the business cycle.
• B) falls as the pace of technological progress increases.
• C) generally lasts longer than frictional unemployment.
• D) falls when the government provides more generous unemployment compensation benefits.

---

Definitions:

Labor Quantity Standard

The predetermined amount of labor time expected to be consumed during the production of a good or service.

Downtime

The period during which an asset or system is not operational or productive, often due to maintenance or repair.

Cleanup

The process of making something orderly or presentable by removing or fixing errors, discrepancies, or unnecessary elements.

Standard Cost Card

A document that lists the standard costs associated with producing a specific product or performing a service.