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wildcat290 wildcat290
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4 years ago

Question 1.

The demand for refrigerators falls when the economy enters a downturn. If a refrigerator manufacturer lays off workers during an economic downturn, this would be an example of



▸ frictional unemployment.

▸ natural unemployment.

▸ structural unemployment.

▸ cyclical unemployment.

Question 2.

The economy is in a recession and the housing market is in a slump. As a result of this, a real estate firm lays off half of its real estate agents. This is an example of



▸ frictional unemployment.

▸ structural unemployment.

▸ cyclical unemployment.

▸ natural unemployment.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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jrhome1985!jrhome1985!
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4 years ago
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wildcat290 Author
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4 years ago
You make an excellent tutor!
Liarec
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This site is awesome
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Brilliant ツ
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