WAEC Economics 2014 Objective — Question 37

Question 37 of 50 from the West African Examinations Council (WAEC) Economics 2014 Objective paper, with the correct answer and a full explanation.

Which of the following types of unemployment results from changes in the pattern of aggregate demand?

A. Technological unemployment
B. Structural unemploymentCorrect
C. Frictional unemployment
D. Seasonal unemployment

Explanation

When the pattern of aggregate demand changes, people switch consumption from what they used to consume to another commodity. This will make demand for the old one fall and those who produce it may become jobless as a result — structural unemployment.

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