Types of UNEMPLOYMENT
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Real Wage Unemployment
Example of Real Wage Unemployment
Causes of Real Wage Unemployment
Solutions to Real Wage Unemployment
Cyclical Unemployment
Example of Cyclical Unemployment
Causes of Cyclical Unemployment
Solutions to Cyclical Unemployment
Frictional Unemployment
Example of Frictional Unemployment
Causes of Frictional Unemployment
Solutions to Frictional Unemployment
Structural Unemployment
Example of Structural Unemployment
Causes of Structural Unemployment
Solutions to Structural Unemployment
Geographical Unemployment
Example of Geographical Unemployment
Causes of Geographical Unemployment
Solutions to Geographical Unemployment
Example of Frictional Unemployment
A good example would be a graduation student with a PhD. This student cannot settle for a job in McDonald's, instead the student remains unemployed until they can find proper employment for their degree.