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Ivenika [448]
3 years ago
15

Thousands of people have lost their jobs because the economy is shrinking. This unemployment is an example of _____. Frictional

unemployment Cyclical unemployment Seasonal unemployment
Business
2 answers:
Ad libitum [116K]3 years ago
7 0

Thousands of people have lost their jobs because the economy is shrinking. This unemployment is an example of<u> "cyclical unemployment".</u>


Cyclical unemployment is when workers lose their positions in view of downturns in the business cycle. You can tell when the economy decreases by estimating total national output. In the event that the economy contracts for two quarters or more, it's in a recession.  

Cyclical unemployment is impermanent. It relies upon the length of the contraction. A normal recession endures around year and a half. A depression can last ten years.

VLD [36.1K]3 years ago
6 0
Thousands of people have lost their jobs because the economy is shrinking. This unemployment is an example of <span>Cyclical unemployment.
</span>
Our economy experiences several ups and downs which goes in cycle, this is what we call cyclical unemployment.  It happens when the economy enters a recession, lots of the jobs lost which are considered cyclical unemployment. This unemployment is very dangerous because it weakens the economy--it is when people aren't working and spending less money.
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4 0
3 years ago
A liquid asset is one that is easy to cash in.
Yuliya22 [10]
Cash on hand is the most liquid asset. Money in a savings account is a popular liquid asset and is very easy to withdraw and more liquid than a loan to a business.
5 0
2 years ago
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Consider the market for orange juice. Suppose two events occurred last week. During the course of this past week, the price of o
True [87]

Answer:

these two events would lead to an increase in equilibrium quantity and have an indeterminate effect on equilibrium price

Explanation:

As a result of the decrease in the price of oranges which is use in the production of orange juice, there would be a rightward shift of the supply curve for orange juice. A a result,  the supply of orange juice would increase and price of orange juice would fall

Substitute goods are goods that can be used in place of another good.

The doubling of the price of coke would lead to a decrease in the demand for coke and an increase in the demand for orange juice. This would shift the dead curve for orange juice to the right. As a result,  both equilibrium price and quantity increases

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3 years ago
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anygoal [31]

Answer:

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Since several corporations have international headquarters in Ireland due to special tax regimes, e.g. Apple, Microsoft, Google, Intel, Pfizer, FB, etc., and many of those corporations manage all their world trade (except local trade in the US) through those offices, they are very large and wealthy.

4 0
2 years ago
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