Multiple Choice
Suppose that consumers decide to buy more Blu-Ray players and fewer DVD players.As a result,Blu-Ray companies expand production while DVD 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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