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If There Is a Prolonged Recession And,at the Same Time,technological

question 147

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If there is a prolonged recession and,at the same time,technological advances change the skill sets of some jobs and eliminate others,what type of unemployment gets larger?


Definitions:

Purchasing Power Parity

An economic theory that compares different countries' currencies through a "basket of goods" approach to determine the relative value of the currencies.

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