week 5 quiz answers - econ 103 - 1 If all workers and all...

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1. If all workers and all jobs were the same such that all workers were equally well suited for all jobs, then there would be no A. structural unemployment. B. cyclical unemployment. C. frictional unemployment. D. natural rate of unemployment.
2. Minimum-wage laws
3. Suppose that consumers decide to walk to work more frequently and drive cars less. Companies that make walking shoes hire workers, while automobile companies lay off workers. This is an example of

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