A) Seasonal unemployment
B) Frictional unemployment
C) Cyclic unemployment
D) Technological unemployment
Correct Answer: B
Solution :
Frictional unemployment is unemployment that occurs because it takes workers some time to move from one job to another. It's probably not surprising that unemployment is higher during recessions and depressions and lower during periods of high economic growth. Because of this, economists have coined the term cyclical unemployment to describe the unemployment associated with business cycles occurring in the economy. Seasonal unemployment is unemployment due to changes in the season - such as a lack of demand for department store Santa Clauses in January. Seasonal unemployment is a form of structural unemployment, as the structure of the economy changes from month to month. Structural unemployment is a unemployment that comes from there being an absence of demand for the workers that are available. Technological unemployment is unemployment primarily caused by technological change. As personal computers replaced typewriters, typewriter factories shut down. Workers in typewriter factories because unemployed and had to find other industries to be employed in.
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