Business, 19.03.2020 06:31 marisol84

Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing firms in Texas willdecrease . The demand for labor among textile-producing firms in South Carolina, for which cotton is an input, willdecrease . The temporary unemployment resulting from such sectoral shifts in the economy is best described asfrictional unemployment.

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Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing f...

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