List and describe the two important functions served by the unemployed and explain why they are important
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List and describe the two important functions served by the unemployed and explain why they are important to capitalism.
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In the context of economics and capitalism unemployment can serve two important functions which are often referred to as frictional unemployment and reserve army of labor These functions are essential ...View the full answer
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Related Book For
Economics An Introduction To Traditional And Progressive Views
ISBN: 9780765616685
7th Edition
Authors: Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, Barbara A. Wiens-Tuers
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