Mr Brown has recently been retrenched. The firm he worked for had to retrench a number of staff due to the downturn in the economy. Mr Brown has not managed to find alternative
Mr Brown has recently been retrenched. The firm he worked for had to retrench a number of staff due to the downturn in the economy. Mr Brown has not managed to find alternative
Chapter16: Business Cycles And Unemployment
Section: Chapter Questions
Problem 13SQ
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Question
Mr Brown has recently been retrenched. The firm he worked for had to retrench a number of staff due to the downturn in the economy. Mr Brown has not managed to find alternative employment. We can say he is _________________
(a) Structurally;
(b) Cyclically;
(c) Seasonally;
(d) Frictionally.
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