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Forum 2 DQ 1
Q Discuss different types (frictional, structural and cyclical) of unemployment and the impact of each type of unemployment on businesses. Are all three types of unemployment undesirable? Explain.
Unemployment is the phenomenon where people do nothave jobs or are conditionally or unconditionally not working, also the ones who are willing to work cannot find jobs due to low economic output in the economy. According to the unemployment statistics there are also some category of people who are temporarily laid off and are waiting to be called back into jobs.