Question $29(1$ point$)$

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$8$

As per the Bureau of Labor Statistics $($BLS$),$ the occupation of "Word processors and typists" is rapidly declining in the United States due to companies either outsourcing or automating routine tasks. If you have a background as a typist and are struggling to secure a new job within the same field, you are encountering:

a$)$ an efficiency wage.

b$)$ cyclical unemployment.

$13$

C$)$ skills mismatch.

d$)$ hysteresis.