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Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985

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BuyFindarrow_forward

Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985
Textbook Problem

Are the following workers more likely to experience short-term or long-term unemployment? Explain.

a. a construction worker who is laid off because of bad weather

b. a manufacturing worker who loses his job at a plant in an isolated area

c. a stagecoach-industry worker who is laid off because of competition from railroads

d. a short-order cook who loses his job when a new restaurant opens across the street

e. an expert welder with little formal education who loses his job when the company installs automatic welding machinery

Subpart (a):

To determine

Short-term and long-term unemployment.

Explanation

A construction worker who was laid-off from the job because of bad weather is an example of short-term unemployment...

Subpart (b):

To determine

Short-term and long-term unemployment.

Subpart (c):

To determine

Short-term and long-term unemployment.

Subpart (d):

To determine

Short-term and long-term unemployment.

Subpart (e):

To determine

Short-term and long-term unemployment.

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