Solved

Unemployment Caused by an Ongoing Lack of Consumer Demand for a Particular

Question 137

Multiple Choice

Unemployment caused by an ongoing lack of consumer demand for a particular product, technological change that reduces the need for a specific type of labor, or the relocation of a production process is called:


A) cyclical unemployment.
B) frictional unemployment.
C) structural unemployment.
D) systematic unemployment.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions