Label each of the following scenarios as either frictional unemployment, structural unemployment, or cyclical unemployment. a. Tim
Question:
Label each of the following scenarios as either frictional unemployment, structural unemployment, or cyclical unemployment.
a. Tim just graduated from college and is looking for a job.
b. A recession causes a local factory to lay off 30 workers.
c. Thousands of bus and truck drivers permanently lose their jobs to self-driving vehicles.
d. Hundreds of New York legal jobs permanently disappear when a lot of legal work gets outsourced to lawyers in India.
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Related Book For
Macroeconomics
ISBN: 9781264112456
22nd Edition
Authors: Campbell McConnell, Stanley Brue, Sean Flynn
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