Unemployment Arising from a Persistent Mismatch Between the Skills and Characteristics

question 144

Multiple Choice

Unemployment arising from a persistent mismatch between the skills and characteristics of workers and the requirements of jobs is called

• A)frictional unemployment.
• B)structural unemployment.
• C)cyclical unemployment.
• D)seasonal unemployment.
• E)unnatural unemployment.

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Definitions:

Probability

A measure quantifying the likelihood of certain events to occur within a given set.

Prior Probabilities

Probabilities that are assigned to events before any empirical data is taken into account, often based on theoretical considerations or past experience.

Multiplication Rule

A principle in probability theory used to find the probability of two independent events occurring simultaneously.

Posterior Probabilities

The revised probabilities of events or hypotheses after taking into account new evidence or information.