Explain the following statements. a. Frictional unemployment is higher when the pace of technological advance quickens. b.

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Explain the following statements.

a. Frictional unemployment is higher when the pace of technological advance quickens.

b. Structural unemployment is higher when the pace of technological advance quickens.

c. Frictional unemployment accounts for a larger share of total unemployment when the unemployment rate is low.

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Macroeconomics

ISBN: 9781319245269

6th Edition

Authors: Paul Krugman, Robin Wells

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Question Posted: Feb 16, 2024 04:00 AM

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Explain the following statements. a. Frictional unemployment is higher when the pace of technological advance quickens. b.

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a When the pace of technological advancement quickens there will be higher ...View the full answer

Macroeconomics

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