Which of the following pairs is/are correctly matched?
1. Disguised Unemployment: More people are employed than actually needed.
2. Structural Unemployment: Mismatch between the jobs and the skills of the available workers in the market.
3. Cyclical Unemployment: The time lag between two jobs.
4. Frictional Unemployment: Result of the business cycle
1
1 and 2 only
2
2 and 4 only
3
3 and 4 only
4
2 and 3 only