Question
Previously, youth unemployment stood at 22% while the unemployment rate for people in their 30's - 40's averages 4.5% Answer questions a-b to comprehensively analyse
Answer questions a-b to comprehensively analyse the impact of changing unemployment on different groups in society.
a) define cyclical unemployment and explain which of youth and people in their 30's - 40's, are more likely to initially benefit from an upward swing in the business cycle.
b) define structural unemployment and explain which of youth and people in their 30's - 40's, are more likely to be structurally unemployed.
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Cyclical unemployment refers to the type of unemployment that occurs due to fluctuations in the business cycle It is directly linked to the overall economic conditions of a country or region During pe...Get Instant Access to Expert-Tailored Solutions
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