The unemployment that is caused by changes in the economy, such as shifts in manufacturing techniques, increased use of computers and electronic machines, and increases in the production of services instead of goods, is called

Question

Annabelle Valencia

Business

22 December, 19:54

The unemployment that is caused by changes in the economy, such as shifts in manufacturing techniques, increased use of computers and electronic machines, and increases in the production of services instead of goods, is called

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Myles Blevins · Answer 1

Structural unemployment.

Explanation:

Unemployment that occurs due to the use of advanced technology in production process is called structural unemployment.

When people left one job and search for another job, in this transition period people are unemployed. This is called frictional unemployment.

The unemployment that occurs due to fluctuations in the business cycle is called cyclical unemployment.

Natural unemployment is the combination of frictional and structural unemployment.

Therefore, The unemployment is called Structural unemployment.