An Example of Structural Unemployment Caused by a Change in Tastes

question 199

Multiple Choice

An example of structural unemployment caused by a change in tastes and preferences is

• A)newspaper journalists
• B)administrative assistants
• C)lifeguards
• D)steelworkers during recessions
• E)None of the answers is correct

---

Definitions:

Supply Of Dollars

The total amount of US dollars available in the global market, including cash and bank deposits.

Real Exchange Rate

The rate at which two currencies can be exchanged to purchase the same basket of goods and services, taking into account inflation rates of the involved countries.

Equilibrium Level

The state at which market supply and demand balance each other, and as a result, prices become stable.

Foreign-Currency Exchange

The marketplace where currencies are traded and their exchange rates are determined.