5. Why is it difficult to distinguish among frictional, structural, and cyclical unemployment? Why is unemployment an

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5. Why is it difficult to distinguish among frictional, structural, and cyclical unemployment? Why is unemployment an economic problem? What are the consequences of a negative GDP gap?

What are the noneconomic effects of unemployment? LO29.2

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Economics

ISBN: 9781259723223

21st Edition

Authors: Campbell McConnell, Stanley Brue, Sean Flynn

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