Which of the following statements is true?
a. Cyclical unemployment is associated with changes in the cycle of technology,
while structural unemployment is associated with recession.
b. When the economy is experiencing cyclical unemployment, the number of job-
seekers exceeds the number of jobs available.
C. Individuals that are cyclically unemployed must be retrained or relocated to find employment; individuals that are structurally unemployed have the skills
demanded in the labor market but are still in the job search process.
d. Frictional and structural unemployment occur when the economy is in a
recession; cyclical unemployment occurs in a booming economy.