Question

Most spells of unemployment are long, and most unemployment observed at any given time is long-term. a. True b. False

Answer 1

Answer - False

Reason - Unemployment is a condition where a person who is a part of labour force is either in search of job or is able to work. Mostly unemployment of most of the people comes to an end in a short period of time because they are in constant search of jobs and even if they work for a lower pay than they deserve, the unemployment cease or exist for them. So most spells of unemployment are short.

In other words most people who become unemployed will soon find jobs. Yet most of the economy's unemployment problem is attributable to the relatively few workers who are jobless for long periods of time.

So, Most spells of unemployment are short, and most unemployment observed at any given time is long term.