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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