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Frictional unemployment, because it does not last longer than the other types of unemployment.

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Q: What kind of unemployment would be easiest to tolerate and why?
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When are people in cyclical or frictional or structural unemployment?

Of the three types, the least severe kind of unemployment is frictional unemployment. This is the unemployment caused by people switching from one job to another, or by those entering a new job field. For example, people would be considered frictionally unemployed when they are graduating from college and searching for a job, or if they used to be a teacher and now they are trying to look for work as a manager. People are considered to be in structural unemployment when their work skills do not match the skills needed for a specific job. As an example, factory workers who are replaced by machines are out of work, but now all factories don't need workers, but mechanics to fix the machinery. The natural rate of unemployment, or full employment, is comprised of the number of people in the work force that are structurally and frictionally unemployed. The worst kind is cyclical unemployment. People are in this type of unemployment because of the recessionary phases of the business cycle. Companies cannot afford to keep every worker, so many are laid off.


What kind of economic system would the Minoans be working uder today be working under?

What kind of economic system the Minoans would be working under today is still probably trade. All they used to do was trade.


Can India push for growth against inflation or not?

Yeah Sure If it is a slight rate of inflation. it also depends on what kind of growth, if the country grows in one factor it decreases on the other. For example A Decrease is Unemployment rate Might effect the BOP(Balance of payments) or the Price levels or the demand.


Which kind of economic system is best for raising a country's standard of living?

it would be


What kind of problem would an economic interest group be most concerned with?

financial

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