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Structural, Cyclical & Frictional Unemployment

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What are the three types of unemployment? Unemployment is seen by some as undesirable. Are all three types of unemployment undesirable? Could the advent of the Internet completely eliminate frictional unemployment?

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Solution Summary

The solution addresses the three different types of unemployment and explains why frictional unemployment is not bad. It also discusses the impact of internet on frictional unemployment. The three types of unemployment addressed are structure unemployment, frictional unemployment and cyclical unemployment. The explanation is given in 216 words.

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Problem: What are the three types of unemployment? Unemployment is seen by some as undesirable. Are all three types of unemployment undesirable? Could the advent of the Internet completely eliminate frictional unemployment?

Three types of unemployment are:

Structure Unemployment: Unemployment that comes from there being an absence of demand for the workers that are available. Changing seasons or ...

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