Question : If unemployment continues to be a long-term feature of a country, then it is called___________ unemployment.
Option 1: structural
Option 2: casual
Option 3: frictional
Option 4: chronic
Correct Answer: chronic
Solution : The correct option is chronic.
If unemployment persists over an extended period in a country, it is termed "chronic" unemployment. This type of unemployment is often rooted in structural issues within the economy, such as changes in industries or skills mismatch, leading to a prolonged mismatch between available jobs and workers' skills.
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