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put missing words c) Perry was made redundant only two weeks ago which suggests this unemployment is as it takes to nd an appropriate job.
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c) Perry was made redundant only two weeks ago which suggests this unemployment is as it takes to nd an appropriate job. As he worked in a furniture store his skills will be suitable for other outlets in the retail sector locally and therefore it is unlikely that he is unemployed. Being unemployed for two weeks is too soon to consider whether his unemployment is without further information for example whether retail sales and employment are falling throughout the country. d) As Lowe rejected a pay cut it is most likely that this unemployment is disequilibrium unemployment and is either r or d unemployment. If the employer needs to cut wages due to a fall in demand for the companies services as the economy contracts then it is unemployment. unemployment is typically when wages have been pushed up by benets, trade unions and the which is very unlikely for an architect. However real wage unemployment could be caused by costs of other factors of production rising such as equipment and rent resulting in companies looking to cut payStep by Step Solution
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