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The economy is in an expansion and the housing market is growing. As a result of this, a home ...

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The economy is in an expansion and the housing market is growing. As a result of this, a home ...

Question 1.

The demand for automobiles rises when the economy experiences an expansion. If an automobile manufacturer hires additional workers during an expansion, this would be best described as an example of a reduction in

▸ cyclical unemployment.

▸ natural unemployment.

▸ structural unemployment.

▸ frictional unemployment.

Question 2.

The economy is in an expansion and the housing market is growing. As a result of this, a home builder doubles his sales force. This would be best described as an example of a reduction in

▸ frictional unemployment.

▸ structural unemployment.

▸ cyclical unemployment.

▸ natural unemployment.

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

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Niquegirl21!

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Frost Author

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Just got PERFECT on my quiz

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