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Should Policymakers Worry More About Structural Unemployment or Frictional Unemployment

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Should policymakers worry more about structural unemployment or frictional unemployment?


Definitions:

Case Law

The body of previous judicial decisions, rulings, and legal precedents that courts refer to when deciding current cases.

Statutory Laws

Laws that have been written down and codified by legislative bodies.

Labor Relations

The interactions and negotiations between employers and employees, or their representatives, concerning employment conditions, salaries, and workplace policies.

Commonwealth Vs. Hunt

A landmark 1842 Massachusetts Supreme Judicial Court case that ruled labor unions were not illegal conspiracies, provided that their activities were honorable and peaceful.

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