Unemployment resulting from changes in the pattern of demand or supply in the economy is called _______ unemployment?
Correct answer: C. structural
- A. regional
- B. technological
- C. structural
- D. demand-deficient
Explanation
Structural unemployment occurs when changes in demand or supply make workers’ skills, industries or locations mismatched with available jobs. Technological unemployment is one specific form of structural unemployment.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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