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=Unemployment occurs because people are looking for jobs and cant find them or they just don't have a job.=
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∙ 15y ago
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When does structural unemployment occur?
when the need for a particular skill decreases
What is a cyclical unemployment?
Cyclical Unemployment results from business recessions that occur when aggregate (total) demand is insufficient to create full employment.Cyclical Unemployment is due to contractions in the economy
What are the different economic and non economic costs of unemployment?
Economic costs is the decrease in goods and services that occurs as result of unemployment but non-economic cost is the increase in goods and services that occur as result of unemployment.
What type of short-term consequences may occur as a result of improved technology?
unemployment
What type of short term negative consequence may occur as a result of improved technology?
unemployment
What will most likely still occur when the economy has achieved full employment?
Frictional, Seasonal, and Structural Unemployment
What impact does unemployment has on production possible curve?
Unemployment itself is one of the factors as to why the Production Possibility Curve (PPC) is what it is - a frontier where production cannot occur outside of. If unemployment increased, you would see decreases of the the PPC at any given point, that is, closer to the origin.
How does low unemployment occur?
The only time the rate is low is when people are wanting to work, and willing to work. Our current rate is 4.8%.
When rising prices occur simultaneously with high unemployment it is called?
Funnily enough, it's called stagflation...
What types of unemployment exist?
Unemployment is split into these types: demand-deficient unemployment, frictional unemployment, and structural unemployment
What are the three types of unemployment?
disguised unemployment,open unemployment,under unemployment
What are the types of unemployment in botswana?
Types of unemployment in Botswana are structural unemployment, cyclical unemployment, and frictional unemployment. Unemployment in Botswana is also divided into age and educational types.
