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How unemployement increases by firm relocating production
If unemployment increases in a specific city because of a firm relocating production, it's structural unemployment that increases (primarily, part of it is frictional) and if unemployment increases because of a recession, it's the cyclical unemployment which has increased. Knowing what type of unemployment is currently present is significant when considering what type of measures to take to lower unemployment.
Q. Why GDP is determined only by aggregate demand? Note that we haven't said anything about the aggregate supply so far. In order to justify why GDP is determined only by aggre
If a country allows trade and, for a certain good, the domestic price without trade is lower than the world price. A) the country will be an exporter of the good. B) the country
The city of Johnstown decides to build a new stadium to attract a basketball team from the city of Rosendale. One economic advisor suggests that the stadium should be fi
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While referring to the "EYE on YOUR LIFE" section on page 235 of the textbook, and the economic concepts you have accumulated during our course, consider the trade policies that se
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