In a major city, the vacancy rate for apartments was approximately 5 percent, yet substantial numbers of

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In a major city, the vacancy rate for apartments was approximately 5 percent, yet substantial numbers of individuals were searching for new apartments. Explain why this occurs. Relate this phenomenon to unemployment.

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Macroeconomics Principles Applications and Tools

ISBN: 978-0134420684

9th edition

Authors: Arthur O'Sullivan, Steven Sheffrin, Stephen Perez

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Question Posted: Oct 25, 2016 10:57 AM

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In a major city, the vacancy rate for apartments was approximately 5 percent, yet substantial numbers of

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Hence for the final analysis we can say that unoccupied apar...View the full answer

Macroeconomics Principles Applications and Tools

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