Question

paraphrase this, make it clear and simple/ understandable

Frictional unemployment occurs when individuals are between jobs. Structural unemployment arises due to a mismatch in skills and job requirements. Cyclical unemployment occurs during economic downturns due to a decline in demand.

Answer 1

[AI-generated answer — Bot GPT 3.5]

Frictional unemployment happens when people are in between jobs. Structural unemployment comes from a mismatch between skills and job needs. Cyclical unemployment occurs during economic downturns when demand decreases.