When Rachel was a teenager, growing up in the 1980’s, she dreamed of one day taking over her parents’ record store business. In the year 2000, her parents’ record store, along with countless others, closed down because people preferred to buy digital music online. The people who lost their jobs in the record stores are considered: Question 26 options: a) seasonally unemployed b) frictionally unemployed c) structurally unemployed d) cyclically unemployed
When Rachel was a teenager, growing up in the 1980’s, she dreamed of one day taking over her parents’ record store business. In the year 2000, her parents’ record store, along with countless others, closed down because people preferred to buy digital music online. The people who lost their jobs in the record stores are considered: Question 26 options: a) seasonally unemployed b) frictionally unemployed c) structurally unemployed d) cyclically unemployed
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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When Rachel was a teenager, growing up in the 1980’s, she dreamed of one day taking over her parents’ record store business. In the year 2000, her parents’ record store, along with countless others, closed down because people preferred to buy digital music online. The people who lost their jobs in the record stores are considered:
Question 26 options:
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