Give an example of a structurally unemployed person
What will be an ideal response?
A person who loses his or her job because his firm had to close because of foreign competition or because he or she no longer possesses the skills necessary for a job is structurally unemployed.
Economics
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Which of the following events led to the crisis in macroeconomics and to the development of rational expectations theory?
A) the Great Depression B) the stock market crash of 1987 C) the stock market speculative bubble of the late 1990s D) stagflation in the 1970s E) large budget deficits in the 1980s
Economics
International financial flows have changed in meaningful ways, and these changes were brought to the attention of policy makers by the Asian financial crisis. Describe three changes
What will be an ideal response?
Economics