Types of Unemployment, Causes, Effects And Solutions - SS2 Economics Past Questions and Answers - page 1
What is frictional unemployment?
Unemployment caused by a mismatch of skills and job requirements.
Unemployment caused by a downturn in the economy.
Unemployment caused by people being in between jobs.
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What is the cause of structural unemployment?
Changes in personal circumstances.
Changes in technology or consumer demand.
Economic recessions and downturns.
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What is the effect of cyclical unemployment?
A decrease in consumer spending and a slowdown in economic growth.
Short-term unemployment for workers.
A long-term situation where workers do not have the necessary skills for available jobs.
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What is the cause of seasonal unemployment?
Changes in demand for goods and services due to seasonal fluctuations.
Automation and technological advancements.
Lack of job opportunities.
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What is a possible solution to structural unemployment?
Government intervention and job creation programs.
Encouraging businesses to offer year-round employment.
Retraining programs and education and skills development.
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What is the difference between frictional and structural unemployment?
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What are some of the solutions to reduce cyclical unemployment?
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