4. Categorize each of the following as cyclical or structural unemployment: (LO33-2) a. An autoworker is laid

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4. Categorize each of the following as cyclical or structural unemployment: (LO33-2)

a. An autoworker is laid off during a recession until car sales pick up.

b. A steelworker loses his job because steel is now produced in foreign countries with lower wages.

c. A compositor loses her job because the work is now outsourced to India.

d. An unemployed person turns down job offers that do not pay the wages of his previous job.

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Economics

ISBN: 9781259193156

10th Edition

Authors: David Colander

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