Increases in structural unemployment can result from a recession but are more commonly associated with other changes,

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Increases in structural unemployment can result from a recession but are more commonly associated with other changes, such as the development of new products that replace old products. A classic example of this is typewriters and computers.
a. How might technological change cause structural unemployment?
b. Would you expect a similar effect on unemployment when new types of cereal or styles of clothing are developed?
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Macroeconomics

ISBN: 9780132109994

1st Edition

Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty

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