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Post Covid-19 unemployment was  A. Supply side unemployment  B. Demand side Unemployment  C. Inflation side Unemployment  D. Deflation side Unemployment

Question

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Solution

The unemployment caused by the Covid-19 pandemic can be classified as B. Demand side Unemployment.

Here's why:

  1. The pandemic led to lockdowns and restrictions around the world, causing many businesses to close or reduce their operations.

  2. This resulted in a decrease in demand for various goods and services, as people were either not allowed or not willing to go out and spend money.

  3. As a result, businesses had to lay off employees due to the lack of demand, leading to an increase in unemployment.

  4. This type of unemployment, caused by a lack of demand for goods and services, is known as demand side unemployment.

So, the correct answer is B. Demand side Unemployment.

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