Question : __________ unemployment refers to the lowest unemployment level a healthy economy can sustain without causing inflation.
Option 1: Structural
Option 2: Disguised
Option 3: Natural
Option 4: Frictional
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Correct Answer: Natural
Solution : The correct answer is Natural.
Natural unemployment is the lowest unemployment level a healthy economy can sustain without causing inflation. It is the lowest unemployment rate that can be sustained without causing growth in wages or inflation to rise. A low unemployment rate indicates a strong economy and a high unemployment rate indicates a weak one.
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Question : Which of the following unemployment is the result of depression in an economy?
Option 1: Cyclical unemployment
Option 2: Frictional unemployment
Option 3: Seasonal unemployment
Option 4: Structural unemployment
Question : Under which type of unemployment, a person contributes less than their capability?
Option 1: Frictional unemployment
Option 2: Disguised unemployment
Option 3: Compulsory unemployment
Option 4: Cyclical unemployment
Question : A type of unemployment in rural areas when people are not able to find jobs during some months of the year is called _____.
Option 1: educated unemployment
Option 2: disguised unemployment
Option 3: frictional unemployment
Option 4: seasonal unemployment
Question : If unemployment continues to be a long-term feature of a country, then it is called___________ unemployment.
Option 1: structural
Option 2: casual
Option 3: frictional
Option 4: chronic
Question : Which among the following types of unemployment is also known as real wage unemployment?
Option 1: Classical
Option 2: Seasonal
Option 3: Structural
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