Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 28 - Part IX - Unemployment - Questions for Review - Page 605: 2

Answer

Unemployment is generally short term. The majority of people who are unemployed will acquire employment shortly thereafter. Most unemployment observed are the few people who are jobless for long periods of time.

Work Step by Step

Unemployment will primarily represent the people who are jobless for long periods over time. Take note that unemployment doesn't count discourage or overqualified workers.
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