Question

Suppose that because of the popularity of the low-carb diet, bakeries need fewer workers and steak houses need more workers. The unemployment created by this change is:

Answer 1

Answer:frictional unemployment

Explanation:This is an unemployment type that exist within the economy when the employee shift occurs from one job to another .

This may occur due to the change in demand of employees in one particular department as compared to the other department.

The above case is due to the demand that the steak business had compared to the steak house business.

The change in people's taste also has an effect on one's business as with time people move with the current trend and that causes the frictional unemployment when business start to have fewer customers they eventually need lesser employees.