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book Economics: The Basics 1st Edition by Mike Mandel cover

Economics: The Basics 1st Edition by Mike Mandel

Edition 1ISBN: 978-0071316026
book Economics: The Basics 1st Edition by Mike Mandel cover

Economics: The Basics 1st Edition by Mike Mandel

Edition 1ISBN: 978-0071316026
Exercise 5
Say whether each of the following is more likely to be a case of frictional, structural, or cyclical unemployment.
a) You graduate from college, and it takes you a month to find a job.
b) A furniture maker closes a factory in North Carolina and moves production to China. The laid-off factory workers have trouble finding new jobs because other furniture companies are doing the same thing.
c) A slowdown in sales causes the local department store to lay off workers.
d) There are plenty of "want" ads for nurses but few for factory workers.
Explanation
Verified
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Unemployment
It is the measure of ups a...

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Economics: The Basics 1st Edition by Mike Mandel
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