Describe the three types of unemployment
What will be an ideal response?
Frictional unemployment is short-term unemployment that arises from the process of matching workers with jobs. Structural unemployment arises from a persistent mismatch between the skills and attributes of workers and the requirements of jobs. Cyclical unemployment is caused by a business cycle recession.
Economics
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If bananas were money, which of the following functions of money would be the most difficult for bananas to satisfy?
A) medium of exchange B) store of value C) standard of value D) serving as a commodity
Economics
Cost-benefit analysis does not employ interpersonal utility calculations
a. True b. False
Economics