Structural unemployment is the unemployment that arises ____________. A. when wage rigidity creates a persistent gap between labor supply and labor demand. B. from workers' imperfect information about available jobs. C. during recessions when the unemployment rate is above the natural rate. D. from the average of the unemployment rates over an extended period of time
Structural unemployment is the unemployment that arises ____________. A. when wage rigidity creates a persistent gap between labor supply and labor demand. B. from workers' imperfect information about available jobs. C. during recessions when the unemployment rate is above the natural rate. D. from the average of the unemployment rates over an extended period of time
Chapter12: Business Cycles And Unemployment
Section: Chapter Questions
Problem 8SQP
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Structural unemployment is the unemployment that arises ____________.
when wage rigidity creates a persistent gap between labor supply and labor demand.
from workers' imperfect information about available jobs.
during recessions when the unemployment rate is above the natural rate.
from the average of the unemployment rates over an extended period of time.
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