4.2.2 Types of Unemployment

    Cards (11)

    • What does unemployment refer to?
      Being without a job
    • What often causes structural unemployment?
      Technological change
    • What type of unemployment results from a mismatch between worker skills and job requirements?
      Structural unemployment
    • Order the types of unemployment from shortest to longest duration:
      1️⃣ Frictional
      2️⃣ Seasonal
      3️⃣ Cyclical
      4️⃣ Structural
    • What is the primary cause of cyclical unemployment?
      Fluctuations in demand
    • Frictional Unemployment is caused by people changing jobs
    • Cyclical unemployment increases during economic recessions.

      True
    • Match the cause with its description for frictional unemployment:
      Job Changes ↔️ Individuals seek better opportunities
      New Workforce Entrants ↔️ Recent graduates look for jobs
      Information Gaps ↔️ Imperfect knowledge about jobs
    • Structural unemployment is more difficult to resolve than frictional unemployment because it often requires retraining
    • Frictional unemployment is considered a natural and healthy part of the labor market.
      True
    • Match the type of unemployment with its duration:
      Frictional ↔️ Short-term
      Structural ↔️ Long-term
      Cyclical ↔️ Medium-term
      Seasonal ↔️ Recurring, short-term