Previously, youth unemployment stood at 22% while the unemployment rate for people in their 30's - 40's
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Question:
Answer questions a-b to comprehensively analyse the impact of changing unemployment on different groups in society.
a) define cyclical unemployment and explain which of youth and people in their 30's - 40's, are more likely to initially benefit from an upward swing in the business cycle.
b) define structural unemployment and explain which of youth and people in their 30's - 40's, are more likely to be structurally unemployed.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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