Question

Though the changes in education are extended, unemployment remains static. ​

Answer 1

Answer:

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• Frictional unemployment involves people transitioning between jobs; it has nothing to do with the economic cycle and is voluntary.
• Structural unemployment is a direct result of shifts in the economy, including changes in technology or declines in an industry.
• Frictional unemployment is typically a temporary phenomenon, while structural unemployment can last for years.
• Structural unemployment is very concerning to economists, while frictional unemployment is considered inevitable and not factored into the unemployment rate.