Label each of the following scenarios as either frictional unemployment, structural unemployment, or cyclical unemployment. a. Tim just graduated and is looking for a job. b. A recession causes a local factory to lay off 30 workers. c. Thousands of bus and truck drivers permanently lose their jobs when driverless, computer-driven vehicles make human drivers redundant. d. Hundreds of New York legal jobs permanently disappear when a lot of legal work gets outsourced to lawyers in India.

Respuesta :

The labels are as follow

a. Frictional unemployment

b. cyclical unemployment

c. Structural unemployment

d. structural unmeployment

What is unemployment?

This is the situation that exists in an economy where there are willing and able people to do work but there are no available jobs for them to do.

Unemployment is of various types

  • Frictional
  • Cyclical
  • Structural

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