Frictional and cyclical unemployment, Microeconomics

Frictional and Cyclical Unemployment:

Frictional Unemployment:

It refers to unemployment caused by changes in individual labour markets. This is the type of unemployment resulting from people who have left jobs that did not work out and are searching for new employment or people who are either entering or re-entering the labour force to search for a job.

Cyclical Unemployment:

This is the type of employment resulting from decline in real aggregate output in the economy. It can also be defined as unemployment caused by deficiency of aggregate or total spending. This is sometimes referred to as deficient-demand unemployment.

Posted Date: 1/3/2013 12:36:52 AM | Location : United States







Related Discussions:- Frictional and cyclical unemployment, Assignment Help, Ask Question on Frictional and cyclical unemployment, Get Answer, Expert's Help, Frictional and cyclical unemployment Discussions

Write discussion on Frictional and cyclical unemployment
Your posts are moderated
Related Questions
Q. Explain about Banking Cycle? An economic cycle that results from cyclical changes in the attitudes of banks toward lending risk. When economic times are good, bankers become

Exchange Rate Policy: LERMS, a dual exchange rate system, was introduced in the Budget for 1992-93. Under this system, 40 per cent of foreign exchange earnings were to be sur

Paradox of Thrift: An individual household, governmentor business may attempt to save money by reducing their current expenditures. Though those attempts to save, once amalgamated

Which of the following industries do you think are likely to exhibit large economies of scale? Explain why in each case. a. House building b. Electricity generation c. Market ga

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

In the following article , I want you to comment on the type of market structure and whether Kinked Demand apply and what will possibly be the market share for GM and VW? ""In case

Example: The Value of Clean Air Air is free in sense that we do not pay to breathe it. Question: Are benefits of cleaning up air worth the costs? People pay extra to buy

1. Consider a world with two assets: a riskless asset paying a zero interest rate, and a risky asset whose return r can take values +10% or –8% with equal probability. An individua

why d block elements are called inner transition elements?