The Type of Unemployment That Is Most Likely to Arise

question 39

Multiple Choice

The type of unemployment that is most likely to arise as a result of technological changes is

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

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Definitions:

Induces

Induces means to lead or move someone to take action, often by persuasion or influence.

National Saving

The total amount of savings in a country, equal to the sum of private and public savings, representing the portion of national income not used for consumption or government spending.

Consumption

Consumption involves the use of goods and services by households, constituting one of the main components of aggregate demand in an economy.

Government Purchases

Spending by the government on goods and services that are included in the calculation of the country's gross domestic product.