Asked by
Shayma Alshehhi
on Nov 16, 2024
Verified
Sectoral shifts contribute to frictional unemployment.
Sectoral Shifts
Changes in the economic landscape that cause resources (like labor) to move from one industry or sector to another, often due to technological changes or globalization.
Frictional Unemployment
Short-term unemployment that occurs when transitioning between jobs or entering the workforce.
- Comprehend the principles behind frictional, structural, and sectoral unemployment.
- Comprehend the impacts of changes in economic sectors on unemployment rates.
Verified Answer
BM
Learning Objectives
- Comprehend the principles behind frictional, structural, and sectoral unemployment.
- Comprehend the impacts of changes in economic sectors on unemployment rates.
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