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book Issues in Economics Today 7th Edition by Robert Guell cover

Issues in Economics Today 7th Edition by Robert Guell

Edition 7ISBN: 978-0078021817
book Issues in Economics Today 7th Edition by Robert Guell cover

Issues in Economics Today 7th Edition by Robert Guell

Edition 7ISBN: 978-0078021817
Exercise 9
In 2005, General Motors announced a 20 percent reduction in its staffing levels and the closure of many assembly plants. Those laid off as a result would likely be classified as
A) seasonally unemployed.
B) cyclically unemployed.
C) frictionally unemployed.
D) structurally unemployed.
Explanation
Verified
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Hence, option (a)is incorrect.
Cyclical...

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Issues in Economics Today 7th Edition by Robert Guell
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