Economics (7th Edition) (What's New in Economics)
Economics (7th Edition) (What's New in Economics)
7th Edition
ISBN: 9780134738321
Author: R. Glenn Hubbard, Anthony Patrick O'Brien
Publisher: PEARSON
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Chapter 20, Problem 20.2.4PA
To determine

Fictional unemployment, structural unemployment and cyclical unemployment.

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2.4 The Ford Motor Company employed fewer people in 2013 than it did in 1980. Is this decline in employment frictional, structural, cyclical, or some combination of these factors? What information would you need to arrive at a definite answer?  
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Economics (7th Edition) (What's New in Economics)

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