9 Nov 2021
Problem 51
Page 601
Section: CRITICAL THINKING QUESTIONS
Chapter 24: The Aggregate Demand/Aggregate Supply Model
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9 Nov 2021
Introduction
Structural unemployment arises from changes in the structure of a nation’s output. As the output shifts from primary goods to secondary goods or on the tertiary, which need for a different type of labor change. “Demand- deficient unemployment”. This is the unemployment that arises from a fall in aggregate demand.
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