Question : If unemployment continues for a long time in a country, it is called _______ unemployment.
Option 1: casual
Option 2: technological
Option 3: frictional
Option 4: chronic
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Correct Answer: chronic
Solution : The correct option is chronic .
If unemployment persists for an extended period in a country, it is referred to as long-term or chronic unemployment. This type of unemployment occurs when individuals are unable to find work for an extended period, often due to structural issues in the economy, skills mismatches, or other systemic factors. Long-term unemployment can have significant economic and social consequences, as it may lead to reduced income, lower job prospects in the future, and increased financial strain on individuals and families.
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