Answered: What are the reason for structural…

What are the reason for structural unemployment select all that apply a- side effect of goverment policies b- efficiency wages c-minummun wages d- matches between employment and employees

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 27RQ: What is structural unemployment? Give examples of structural unemployment.

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Question

What are the reason for structural unemployment select all that apply

a- side effect of goverment policies

b- efficiency wages

c-minummun wages

d- matches between employment and employees

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

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