Into which four types do economists classify unemployment?
AFrictional, structural, cyclical and seasonal
BFrictional, voluntary, cyclical and permanent
CStructural, seasonal, regional and temporary
DCyclical, seasonal, industrial and technical
Answer & Solution
Correct answer: A. Frictional, structural, cyclical and seasonal
1. Economists classify unemployment into four types.
2. They are frictional, structural, cyclical and seasonal unemployment.
3. The categories help economists understand the problem even though they are of little comfort to a jobless person.
4. Voluntary, permanent, regional, industrial and technical are not among the four named types.
_Source: OpenStax Introduction to Business (CC BY 4.0), Ch 1 "Understanding Economic Systems and Business", section 1.4 Macroeconomics: The Big Picture_
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