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From course:

Economics A Level

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Question:

What is Structural Unemployment? -Can it lead to the Negative Multiplier Effect?

Author: go kys



Answer:

-This is when a Certain Industry or Job has a Decline. This can be due to Changes in Consumers Needs, Technology or Cheaper Alternatives. -Traditional Manufacturing Regions [Shipbuilding in Liverpool] is usually Badly affected by this -Unemployment in Liverpool therefore means Less Spending, which can cause more Unemployment and Less Government Revenue


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go kys
go kys