Suppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvania willdecrease   . The demand for labor among automobile-producing firms in Michigan, for which steel is an input, willincrease   . The temporary unemployment resulting from such sectoral shifts in the economy is best described asfrictional   unemployment.

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Chapter10: Unemployment
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Suppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvania willdecrease   . The demand for labor among automobile-producing firms in Michigan, for which steel is an input, willincrease   . The temporary unemployment resulting from such sectoral shifts in the economy is best described asfrictional   unemployment.

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