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Millions of Americans are now unemployed, largely for ____________ reasons. However, during this recession, if technology associated with home-based work increases, the result could be _________ rates of _____________ unemployment even after the recession ends. a. Structural; higher; frictional b. Frictional; lower; structural c. Cyclical; higher; structural d. Natural; lower; cyclical

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Millions of Americans are now unemployed, largely for ____________ reasons.  However, during this recession, if technology associated with home-based work increases, the result could be _________ rates of _____________ unemployment even after the recession ends.

a.    Structural; higher; frictional

b.    Frictional; lower; structural

c.    Cyclical; higher; structural

d.    Natural; lower; cyclical

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Answer

c.    Cyclical; higher; structural

Explanation

Cyclical unemployment is unemployment which occurs due to the change in demand for goods and services in an economy especially during a recession. Most workers are laid off by companies and other business close for lack of sustainability. Structural unemployment occurs because workers cannot keep up with the change in technology or job skills. When those without technological skills can no longer secure jobs so as to work from home, structural unemployment goes up.

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Answered on June 17, 2020 6:37 am

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