Unemployment that occurs during normal workings of an economy as people change jobs is called

Booster class

Macroeconomics

Skill

Types of unemployment

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Vaishali YadavLv10

22 Oct 2020

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Imagine a hypothetical economy with a population of 100 people, 80 of which over sixteen. Forty-eight of these people who are working and twelve people who are willing, able, and looking for work, cannot find jobs. What is the unemployment rate in this economy?

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