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Macroeconomics 9th Edition by David Colander
Edition 9ISBN: 978-0077501860Macroeconomics 9th Edition by David Colander
Edition 9ISBN: 978-0077501860 Exercise 24
Categorize each of the following as cyclical or structural unemployment:
a.An autoworker is laid off during a recession until car sales pick up.
b.A steel worker loses his job because steel is now produced in foreign countries with lower wages.
c.A compositor loses her job because the work is now outsourced to India.
d.An unemployed person turns down job offers that do not pay the wages of his previous job.
a.An autoworker is laid off during a recession until car sales pick up.
b.A steel worker loses his job because steel is now produced in foreign countries with lower wages.
c.A compositor loses her job because the work is now outsourced to India.
d.An unemployed person turns down job offers that do not pay the wages of his previous job.
Explanation
Verified
Verified
a. Cyclical.
b. Stru...
Macroeconomics 9th Edition by David Colander
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