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question 2 (2 points)
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________ unemployment changes slowly and depends on ________.
frictional; the skills of the unemployed
seasonal; the rate at which people enter and exit the labor force
frictional; the rate at which people enter and exit the labor force
structural; the rate at which people enter the labor force
structural; the inflation rate
Frictional unemployment occurs when workers are in the process of moving between jobs. It changes slowly as it depends on the rate at which people enter and exit the labor force (e.g., new graduates entering, some workers taking time off etc.). Seasonal unemployment is related to seasonal changes in work (like holiday - related jobs). Structural unemployment is due to a mismatch between worker skills and job requirements.
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C. Frictional; the rate at which people enter and exit the labor force