During the recession of 2008 2009, the Detroit metropolitan area had very significant unemployment (the highest in the nation for any area with more than a million residents). What kind of unemployment (cyclical, structure, frictional) do you think this is? [Hint: remember that the Detroit area is home to the U.S. auto industry
During the recession of 2008 2009, the Detroit metropolitan area had very significant unemployment (the highest in the nation for any area with more…
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