Answer to Question #38747 in Macroeconomics for Faizan Atteeq
When the Great Recession engulfed the Japanese economy in the later 2000s, the nation’s unemployment rate rose by 2 percentage points within 6 weeks.The bulk of the Japenese residents who joined the ranks of the newly unemployed were nonregular worker.
Why do you suppose that when regular Japanese employees who have recently lost their positions apply for new jobs , they often
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