During periods of recession unemployment:
A. is more common.
B. is less common.
C. is uncorrelated to periods of recession.
D. rates are the same for all groups of the working population.
A. is more common.
Economics
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If consumers view the output of any firm in a market to be identical to the output of any other firm in the market, the demand curve for the output of any given firm
A) will be identical to the market demand curve. B) will be horizontal. C) will be vertical. D) cannot be determined from the information given.
Economics
An example of structural unemployment is a(n):
a. textile worker who quits one job and waits for the new job to begin. b. engineer permanently laid off due to advances in technology. c. computer programmer who becomes rich and leaves the labor force. d. All of these.
Economics