What is possible solutions to cyclical, frictional, and structural unemployment.?

Answer 1

Cyclical unemployment is where an economy is operating below its potential due to some short-run factor. Reducing interest rates stimulates economic growth and creates job, thus reducing cyclical unemployment.

Frictional is due to the time it takes people to find jobs. Therefore, when frictional unemployment is high, so too is the number of unfilled job vacancies. Providing unemployed people with free access to newspapers to read job advertisements or providing them with internet access and skills so that they can find online job ads would help. Training so that unskilled people can take up skilled job vacancies could also help.

Structural tends to be caused by enduring lack of demand for workers. Setting minimum wages that are too highis an example, since they discourage employers from hiring because it is too expensive. Reducing minimum wages would reduce structural unemployment.

Answer 2

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First, you presume they are a problem. The business cycle is the source of cyclical unemployment. The solution is communism. Frictional unemployment is positive, such as people seeking work after graduating college. Structural unemployment can be reduced by reducing subsidies, work protections and price supports as well as support laws to make it easier to fire people.

Answer 3

for cyclical solution is fiscal policy, decrease taxation and increase gov spending, for structural if is regional use subsidies and tax beaks, if is sectoral the solution is retraining. for frictional could be job centres so people find job qiucker.