Business, 25.03.2020 03:44 amandapill

Suppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvania will increase. The demand for labor among automobile-producing firms in Michigan, for which steel is an input, will increase. The temporary unemployment resulting from such sectoral shifts in the economy is best described as frictional unemployment. True / False.

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Suppose the world price of steel falls substantially. The demand for labor among steel-producing fir...

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