Types of Unemployment 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 demand and supply. 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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Respond to this post. Hello Professor, A rise in consumption in the economy would cause an increase in aggregate demand. Therefore, when consumers spend money on everyday goods and services, it not only helps to stimulate economic growth, but it could also present potential issues like unsustainable debt levels or inflation. I believe that it would be beneficial to consider such factors and adopt a purchasing strategy to help navigate the challenges posed by inflation or unsustainable debt levels. First, do you think our business will be affected because inflation is rising? How? Yes, I do believe that the business will be affected because of inflationary pressures. Inflation rising will affect the cost of goods, services, and labor, which could lead to higher operating expenses. The potential reduction of profit margin because of inflation could lead to a smaller percentage of revenue being retained as profit. Therefore, inflation rising will force us to raise prices for…

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Chapter 7, Problem 1.3PA

To determine

Types of Unemployment

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 demand and supply.

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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Respond to this post. Hello Professor, A rise in consumption in the economy would cause an increase in aggregate demand. Therefore, when consumers spend money on everyday goods and services, it not only helps to stimulate economic growth, but it could also present potential issues like unsustainable debt levels or inflation. I believe that it would be beneficial to consider such factors and adopt a purchasing strategy to help navigate the challenges posed by inflation or unsustainable debt levels. First, do you think our business will be affected because inflation is rising? How? Yes, I do believe that the business will be affected because of inflationary pressures. Inflation rising will affect the cost of goods, services, and labor, which could lead to higher operating expenses. The potential reduction of profit margin because of inflation could lead to a smaller percentage of revenue being retained as profit. Therefore, inflation rising will force us to raise prices for…

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