ECON: MACRO4 (with CourseMate, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
4th Edition
ISBN: 9781285423623
Author: William A. McEachern
Publisher: Cengage Learning
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Chapter 7, Problem 1.3PA
To determine
Types of
Concept Introduction:
a. Frictional unemployment arises due to the fact that people moving from one job to another.
b. Structural unemployment refers to the unemployment that arises due to the technological or policy changes and also due to the fluctuations in the
c. Seasonal unemployment is the unemployment that arises due to the mismatch between skills required and also due to the seasonal demand of products.
d. Cyclical unemployment is the unemployment that arises due to the cyclical trends in the growth and production.
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