The answer is structural unemployment.
Long-term unemployment brought on by changes in the economy is referred to as structural unemployment.
Even while there are open positions, there is a mismatch between what employers require and what the current workforce can provide.
Long-term structural unemployment typically requires significant reform to reverse.
Technology has a tendency to make structural unemployment worse by marginalizing some employees and making some jobs, like manufacturing, obsolete.
Additional to the business cycle, other factors contribute to structural unemployment. This implies that structural unemployment can persist for decades and that drastic change may be required to address the issue.
Hence, The kind of unemployment that exists when there is a mismatch between a worker's skills and the jobs or the location of jobs available is structural unemployment.
Learn more about unemployment:
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Given:Population of the US: 3.164 x 10^8National Debt 1.674 x 10^13
What we are looking for: person’s share of the debt.
Solution:To solve this, just divide the national debt to the number of people of the us, (which is the population of the US)
1.674 x 10^13 divided by 3.164 x 10^8
Answer is: $52,907.71 is the share of each person.
I'm sure it's true. A small business can thrive
Answer:
1.011
Explanation:
The two differentiation for the two parameters such as units of labor and units of capital can be represented as shown below:
If z (production) = f(x,y) = x^0.75y^0.25
Where: x represents the units of labor and y represents the units of capital.
Thus, using differential, the change in production will be:
= 0.75x^(0.75-1)y^0.25 + 0.25(x^0.75)y^(0.25-1) = 0.75x^(-0.25)y^0.25 + 0.25x^0.75y^(-0.75)
x = 25+1 = 26; y = 19
dz = 0.75*26^(-0.25)*(19^0.25) + 0.25*26^0.75*(19^(-0.75)) = 0.75*0.443*2.09 + 0.25*11.51*0.11 = 0.694+0.317 = 1.011
