Match the following unemployment types with their definition. (3 points)
Types:
Unemployment associated with workers who are between jobs.
Unemployment resulting from mismatches between employer needs and employee skills.
Unemployment associated with the highs and lows of a business cycle.
Definitions:
Structural Unemployment
Frictional Unemployment
Cyclical Unemployment
Frictional Unemployment - Unemployment associated with workers who are between jobs.
Structural Unemployment - Unemployment resulting from mismatches between employer needs and employee skills.
Cyclical Unemployment - Unemployment associated with the highs and lows of a business cycle.