Multiple Choice
Suppose that consumers decide to buy more 4K players and fewer Blu-Ray players. As a result, 4K companies expand production while Blu-Ray companies lay off workers. What is this an example of?
A) structural unemployment created by efficiency wages
B) cyclical unemployment created by a recession
C) frictional unemployment created by a sectoral shift in demand
D) frictional unemployment created by a sectoral shift in supply
Correct Answer:
Verified
Correct Answer:
Verified
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