Structural unemployment A.is the increase in unemployment that occurs during recessions and depressions. B. equals the number of people who are unemployed when the economy is operating at its potential level of GDP. C.is the portion of unemployment that is due to the normal working of the labour market, reflecting short-run job/skill matching problems. D.is the portion of unemployment that is due to changes in the structure of the economy, which results in some workers' skills becoming obsolete.

Structural unemployment A.is the increase in unemployment that occurs during recessions and depressions. B. equals the number of people who are unemployed when the economy is operating at its potential level of GDP. C.is the portion of unemployment that is due to the normal working of the labour market, reflecting short-run job/skill matching problems. D.is the portion of unemployment that is due to changes in the structure of the economy, which results in some workers' skills becoming obsolete.

Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781305971509

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter15: Unemployment

Section: Chapter Questions

Problem 4PA

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