What is unemployment? What are its different types? What are its drawbacks?
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What is unemployment? What are its different types? What are its drawbacks?
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Explanation:
There are three main types of unemployment, cyclical, structural, and frictional. 1 Cyclical unemployment is, unfortunately, the most familiar. It occurs during a recession. The second two—structural and frictional—make up the natural unemployment rate.
Answer:
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