Question

Which one of the following best explains the term ‘Structural Unemployment’?

A Wherein more people are employed than actually needed.
B Mismatch between the jobs available in the market and the skills of the available workers in the market.
C It is a result of the business cycle, where unemployment rises during recessions and declines with economic growth.
D Time lag between jobs when an individual is searching for a new job or is switching between jobs.
E None of the above
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