When there is no cyclical unemployment in the economy, unemployment is the sum of frictional and structural unemployment. The correct answer would be option C.
Cyclical unemployment is a shortage of employment brought on by fluctuations in the business cycle of an economy. Losses of jobs during economic downturns or contractions are the main source of cyclical employment. This sort of unemployment can occur without a recession, which is when an economy experiences negative growth for two or more quarters in a row.
Short-term unemployment includes frictional unemployment. When someone actively seeks a job or a new career, they are said to be in a frictional state of unemployment.
Long-term unemployment brought on by changes in the economy is referred to as structural unemployment. Although there are open positions, there is a mismatch between what employers need and what the available workers can provide, leading to this type of unemployment.
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