Suppose That in 2013,the Demand for Construction Workers Increased and the Demands

question 156

Multiple Choice

Suppose that in 2013,the demand for construction workers increased and the demands for textile and steel workers diminished.Which of the following types of unemployment does this situation illustrate?

• A)frictional unemployment created by a sectoral shift
• B)structural unemployment created by a sectoral shift
• C)frictional unemployment created by efficiency wages
• D)structural unemployment created by efficiency wages

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Definitions:

Simple Linear Regression Model

A statistical method for modeling the relationship between a single independent variable and a dependent variable by fitting a linear equation.

Slope

In mathematics, the slope of a line is a number that describes both the direction and the steepness of the line, often calculated as the rise over run in linear functions.

Average Change

A measure of the central tendency that indicates the mean difference between successive data points.

First-Order Linear Regression Model

A statistical model that describes a linear relationship between a dependent variable and one independent variable, characterized by a straight line.