I understand the three types of unemployment are: seasonal unemployment, frictional unemployment, and structural unemployment. I am having a very difficult time discussing whether the internet could completely eliminate frictional unemployment? Also, why is unemployment necessary for the economy? Thank you!© BrainMass Inc. brainmass.com October 25, 2018, 7:33 am ad1c9bdddf
Frictional unemployment is the time period between jobs when the employee is searching for or moving from one job to another. This unemployment results from temporary transitions made by workers or employers. Frictional unemployment is present because there is inconsistent or incomplete information. The worker does not have the resources or the ability required for finding the firm that has the position that is available and suitable for her.
The internet helps the worker get information about suitable employment ...
This solution explains three types of unemployment. The sources used are also included in the solution.
Economics discussion questions
1) What is the difference between structural unemployment and cyclical unemployment?
a) What type of unemployment is best studied within the long-run framework? Why?
b) Does the unemployment rate underestimate or overestimate the unemployment problem? Explain.
c) If unemployment rises by 2 percentage points, what will likely happen to output in the United States?
2) Inflation, on average, makes people neither richer nor poorer. Therefore it has no cost. True or false? Explain.View Full Posting Details