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Economics (AS & A Level) · Oct / Nov 2022 · Paper 31 · Question 21

9708Unemployment

Which statement about unemployment is correct?

  1. ACyclical unemployment is caused by the occupational immobility of labour.
  2. BFrictional unemployment is caused by a lack of information on jobs in the labour market.
  3. CStructural unemployment is caused by a deficiency in aggregate demand.
  4. DVoluntary unemployment is caused by variations in the demand for labour in the year.

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Correct answer: B. Frictional unemployment is caused by a lack of information on jobs in the labour market.

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