ECO 372 Week 1 DQ 2 - Version 5

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What are the different types of unemployment? How do they affect the economy in terms of growth, labor force, and price of labor? Cite specific examples to support your response.

Response
What are the different types of unemployment?
The three types of unemployment are cyclical, structural, and frictional.
Cyclical unemployment is unemployment resulting fluctuating activities with the economy.
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