Asked by Annette Herrera on Jul 15, 2024
Verified
Most spells of unemployment are
A) long, and most unemployment observed at any given time is long term.
B) long, but most unemployment observed at any given time is short term.
C) short, but most unemployment observed at any given time is long term.
D) short, and most unemployment observed at any given time is short term.
Unemployment Spells
Periods of time during which an individual is searching for employment but is unable to find work.
- Identify the characteristics of unemployment durations, both short-term and long-term, and understand their consequences for policy formation.
Verified Answer
AV
angle vickyJul 18, 2024
Final Answer :
C
Explanation :
Most spells of unemployment are short, but the majority of unemployment observed at any given time is long term because those who are unemployed for longer periods constitute a larger portion of the total unemployed at any snapshot in time.
Learning Objectives
- Identify the characteristics of unemployment durations, both short-term and long-term, and understand their consequences for policy formation.