Question

The unemployment rate in Economy X when it is growing normally is 5%. When Economy X is in a recession, the unemployment rate is 10%. Drag each word or phrase to the appropriate blank space in order to complete the paragraph correctly.Drag word(s) below to fill in the blank(s) in the passage.
The _______ unemployment rate while Economy X is _______ s 0%. The 5% unemployment rate is due to structural and __________ factors.

Answer 1

Answer:

The CYCLICAL unemployment rate while Economy X is GROWING IS 0%. The 5% unemployment rate is due to structural and FRICTIONAL factors.

Explanation:

there are basically three types of unemployment:

1. Frictional unemployment: voluntary and takes place when someone quits his/her job because they want to find a better job.
2. Structural unemployment: is not voluntary and happens when the workers do not possess the required skills to fill vacant jobs.
3. Cyclical unemployment: is not voluntary and happens when the economy is contracting and the businesses are forced to lay off workers.