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16 February, 08:02

Label each of the following scenarios as either frictional unemployment, structural unemployment, or cyclical unemployment. a. Tim just graduated and is looking for a job. b. A recession causes a local factory to lay off 30 workers. c. Thousands of bus and truck drivers permanently lose their jobs when driverless, computer-driven vehicles make human drivers redundant. d. Hundreds of New York legal jobs permanently disappear when a lot of legal work gets outsourced to lawyers in India.

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  1. 16 February, 09:19
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    Answer: Thousands of bus and truck drivers permanently lose their jobs when driverless, computer-driven vehicles make human drivers redundant. d. Hundreds of New York legal jobs permanently disappear when a lot of legal work gets outsourced to lawyers in India.
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