Phases of business cycle

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Business Cycle Phases

1. Compare and contrast the phases of the business cycle.

2. Explain Business Cycle Phases.

Structural unemployment arises when changes in technology or international competition changes the skills necessary for jobs or change the location of jobs. For instance, technological change, such as the invention of the personal computer, can switch the skills needed for jobs, say from the ability to repair typewriters to the ability to repair computers.

3. What are some other examples of structural unemployment?

Reference no: EM133101629

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