Examlex
When the full cost of producing a good or service is not reflected in the resultant curve this is referred to as what type of failure?
Structural Unemployment
The loss of jobs stemming from changes in industrial setups, usually driven by innovations in technology, instead of shifts in market demand or supply.
Bank Tellers
Employees of banks who deal directly with customers, handling transactions and other financial inquiries.
Automated Teller Machines
Electronic banking outlets that allow customers to complete transactions without the need for a branch representative or teller.
Official Unemployment Rate
The percentage of the labor force that is jobless and actively seeking employment, as officially calculated by national statistical agencies.
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