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Why Might a Favorable Change in the Economy, Such as Technological

question 54

Essay

Why might a favorable change in the economy, such as technological improvement or a decrease in the price of imported oil, be associated with an increase in frictional unemployment?


Definitions:

Central

Referring to the primary or most important part, or located at the center.

Corporate

Relating to a large company or group, or pertaining to corporate businesses and their activities, strategies, and structure.

Fiber-Optic Cable

A type of cable made of glass fibers that transmit data at high speeds over long distances using light signals.

Twisted-Pair Cable

Cable made of copper wires that are twisted around each other and are surrounded by a plastic jacket (such as traditional home phone wire).

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