When the economy goes into recession, the biggest increase in unemployment is _________. A. Structural because jobs

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When the economy goes into recession, the biggest increase in unemployment is _________.

A. Structural because jobs are lost in most states

B. Cyclical because jobs are lost in many industries as they cut production

C. Frictional because the creation of jobs slows

D. The combination of structural and frictional as few new jobs are created.

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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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Question Posted: May 18, 2018 02:45 AM

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When the economy goes into recession, the biggest increase in unemployment is _________. A. Structural because jobs

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Answer B Cyclic...View the full answer

Foundations of Macroeconomics

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