During 2009, General Motors Announced That It Would Close Its

question 184

Multiple Choice

During 2009, General Motors announced that it would close its Saturn facilities in the United States because of the foreign competition it faced.This corporate move

• A) increased structural unemployment.
• B) increased seasonal unemployment.
• C) increased cyclical unemployment.
• D) had no impact on unemployment.
• E) decreased frictional unemployment.

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Definitions:

Digital Media

Content and applications that are created, stored, and distributed in digital formats, often via the internet, including videos, music, websites, and social media platforms.

iPads

A line of tablet computers designed, developed, and marketed by Apple Inc., known for their touch screen interface and wide range of applications.

Laptop Computers

Portable personal computers with a clamshell form factor, suitable for mobile use and equipped with advanced computing capabilities.

Income Effect

The variation in a person's or an economy's earnings and the impact of this variation on the demand for a specific product or service.