During a sustained economic expansion, frictional unemployment tends to [{Blank}] and cyclical...
Question:
During a sustained economic expansion, frictional unemployment tends to _____ and cyclical employment _____
A.falls, rises
B.rises; also rises
C.falls; also falls
D.rises; falls
Unemployment:
In economics, unemployment is described as the condition of an individual who is actively seeking employment and unable to secure a chance to work. Usually, this state is used to weigh an economy's health as it is one of the major economic indicators. It is measured by the unemployment rate, which is computed as dividing the number of unemployed people by the number of people in the labor force. Besides, there are several types of unemployment in an economy, and they include cyclical, frictional, seasonal, and structural unemployment.
Answer and Explanation: 1
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View this answer- The answer is D.rises; falls.
During a sustained economic expansion, frictional unemployment tends to rise, and cyclical unemployment falls. Cyclical...
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Three Types of Unemployment: Cyclical, Frictional & Structural
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Learn the various types of unemployment. See the definition and causes of frictional, cyclical, structural, and other forms of unemployment with examples.
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