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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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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Question Posted: Nov 07, 2023 01:06 PM

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List and describe the two important functions served by the unemployed and explain why they are important

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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

Economics An Introduction To Traditional And Progressive Views

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