Macroeconomic forum post

What are the three types of unemployment? Unemployment is seen by some as undesirable. Are all three types of unemployment undesirable? Could the advent of the Internet completely eliminate frictional unemployment? Are all three types of unemployment undesirable? Explain.

4 days ago

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Unemployment can be defined as the circumstance where a person who has qualities of being able to work is not able to get a job though he or she would want to be employed (Gangl, 2012). Unemployment usually represents the number of people who have the potential to work and get employed but they do not have a job. Unemployment has been one of the major challenges facing many nations and the world as a whole. High rate of unemployment is seen as undesirable by many especially economists because it means less spending in the country as only a few people have money to spend which….

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