A worker who loses a job at a call center because business firms switch the call center to another country is an example of:
a. Cyclical unemployment
b. Frictional unemployment
c. Disguised unemployment
d. Structural unemployment
d. Structural unemployment
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If the number of potential workers in an economy increases while the size of the labor force remains unchanged, ________
A) the labor force participation rate will fall B) the labor force participation rate will remain unaffected C) the labor force participation rate will increase D) the natural rate of unemployment will increase
Whether one views the discretionary policies of the 1960s and 1970s as destabilizing or believes the economy would have been less stable without these policies, most economists agree that
A) stabilization policies proved more difficult in practice than many economists had expected. B) stabilization policies proved not to be inflationary. C) the nondiscretionary policymakers were right in believing that the private economy is inherently stable. D) the discretionary policymakers were right in believing that the private economy is inherently stable.