When it is difficult to hire employees, firms take to hire, which increases unemployment.

Question

06-09-2022
Business

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When it is difficult to hire employees, firms take to hire, which increases unemployment.

Sagot :

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tutorconsortium344 tutorconsortium344 · Answer 1 · 2022-09-08T12:45:51-04:00

When it is difficult to hire employees, firms take longer to hire, which increases frictional unemployment.
So the correct filling is longer and frictional

What is Frictional Unemployment?

Transitions in employment that are voluntary within an economy lead to frictional unemployment. Even in an expanding, stable economy, frictional unemployment is a given. Frictional unemployment refers to workers who decide to leave their current jobs in search of new ones and people who are just starting out in the workforce. It excludes employees who hold onto their existing position until they find a new one because, presumably, they are never unemployed.

To learn more about Frictional Unemployment
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When it is difficult to hire employees, firms take ____________ to hire, which increases ____________ unemployment.

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When it is difficult to hire employees, firms take to hire, which increases unemployment.