Question

what includes all people age 16 and older who are classified as either employed and unemployed? frictional unemployment labor force cyclical unemployment structural unemployment is characterized by which of the following? factors that discourage active job - seeking slowdowns in hiring due to economic contraction transitions caused by movement to new industries gaps between desired and available skills in the job market

Explanation:

1. The labor force includes all people age 16 and older who are classified as either employed or unemployed. Frictional unemployment is related to job - search transitions, and cyclical unemployment is due to economic cycles.
2. Structural unemployment occurs because of gaps between the skills that employers want and the skills that workers have in the job market. Factors discouraging job - seeking are not the main cause of structural unemployment. Slowdowns in hiring due to economic contraction are related to cyclical unemployment, and transitions to new industries are more related to frictional or structural in some cases but not the best description of structural unemployment.

Answer:

1. B. labor force
2. D. gaps between desired and available skills in the job market