As a result of the oil price hikes and international competition in the 1970s, ________.When governments and businesses downsizing in the 1990s, ________.

Question

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The oil price hikes and international competition in the 1970s caused a shift in the economy, leading to structural unemployment as certain industries faced decline or closure. The downsizing of governments and businesses in the 1990s further contributed to structural unemployment, as jobs were eliminated due to restructuring and technological advancements. Therefore, both events led to an increase in structural unemployment.

As a Result of the Oil Price Hikes and International