Following the financial crises of 2008-2009, the UK experienced its wors recession in almost 50 years, and as a consequence unemployment rose quickly The best description of the type of unemployment caused in this circumstanc would be ABUD А C cyclical. structural. seasonal. frictional.

Macroeconomics: Private and Public Choice (MindTap Course List)
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ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Economic Fluctuations, Unemployment, And Inflation
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Question 6
Following the financial crises of 2008-2009, the UK experienced its worst
recession in almost 50 years, and as a consequence unemployment rose quickly.
The best description of the type of unemployment caused in this circumstance
would be
ABCD
cyclical.
structural.
seasonal.
frictional.
Transcribed Image Text:Question 6 Following the financial crises of 2008-2009, the UK experienced its worst recession in almost 50 years, and as a consequence unemployment rose quickly. The best description of the type of unemployment caused in this circumstance would be ABCD cyclical. structural. seasonal. frictional.
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