Practice Quiz

CLEP Principles of Macroeconomics Exam Prep

Category - Macroeconomics

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Which type of unemployment occurs as a result of a mismatch between the skills of the unemployed population and the type of jobs that are available?
  1. Frictional unemployment
  2. Structural unemployment
  3. Skills unemployment
  4. Cyclical unemployment
Explanation
Answer - B - Structural unemployment occurs as a result of a mismatch between the skills of the unemployed population and the type of jobs that are available.

Key Takeaway: The other two types of unemployment are cyclical (which refers to standard changes with the business cycle) and frictional (which is considered the normal unemployment of a given economy-the standard time it takes to match a person to a position).
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