Answer :

Final answer:

Unemployment types - cyclical, structural, frictional, and their examples.


Explanation:

Types of Unemployment

Cyclical unemployment occurs due to fluctuations in the business cycle, such as recessions. An example is a construction worker losing their job during an economic downturn.

Structural unemployment is caused by changes in the economy, like technological advancements leading to job redundancies. An example is a factory worker replaced by automation.

Frictional unemployment happens when individuals are between jobs or entering the workforce for the first time. An example is a recent college graduate seeking their first job.


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