Answer.1) Unemployment is a major problem for economies across the world. Some of the major causesof unemployment are:•Cyclical Unemployment: This is caused due to cyclical ups and downs in the economy. Itdecreases during the boom and increases during the bust (Froyen, 2012). Policymakersaround the world aim to mitigate the impact of this kind of unemployment.•Structural Unemployment: This is caused by the deep-seated structural changes in theeconomy (Froyen, 2012). For example, a shift towards cleaner sources of energy has reducedthe demand for conventional fuels such as coal, especially in developed countries. This hasled to an inc…
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