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Natural unemployment is the sum
Unemployment that results because it takes time for workers to search for the jobs that best suit their tastes and skills is
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unknown 2.0
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Unemployment that results because it takes time for workers to search for the jobs that best suit their tastes and skills is
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unknown 2.0
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Cyclical unemployment refers to
a. the portion of unemployment created by wages set above the equilibrium level. b. the portion
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unknown 2.0
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QUESTION THREE
(25 Marks) a) Answer each of the following: i. What are the main components of unemployment? What is the natural
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Elick
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Impact of Unemployment Quick Check
5 of 55 of 5 Items Question Natural unemployment is the sum of _____.(1 point) Responses
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blobby
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During an economic downturn, sales fall and some workers lose their jobs. This unemployment is referred to as
seasonal
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Rapid improvements in technology MOST often contribute to which type of unemployment?
A. structural unemployment B. frictional
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Which type of unemployment is caused by an overall decline in economic activity?
A. cyclical unemployment B. structural
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If the economy currently has a frictional unemployment rate of 2 percent, structural unemployment of 2 percent, seasonal
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Anonymous
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Key terms:
*frictional unemployment *seasonal unemployment *structural unemployment *cyclical unemployment *census *unemployment
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anonymous
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