Choose the given statement is True/False

Seasonal unemployment is the one that does not affect aggregate output.

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True

False

answer is B.

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Detailed Solution

The given statement is false.
When a worker is working in a redundant manner such that he has little to no effect on the aggregate output, the situation is what is known as "disguised unemployment." An economy demonstrates this type of unemployment when productivity is low and many workers are filling few jobs. In such a situation, the workers' skills go underutilised. For example, a person with an MBA degree works as a cashier. This type of unemployment is difficult to calculate and thus, not included in the official unemployment statistics.
Disguised unemployment is the one that does not affect the aggregate output.

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