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Part 1: Based on the article "Rethinking Lays-offs," why is it not always in the best interest of companies to cut jobs to save money?

Part 2: Explain how unemployment impacts each of the following groups:

• laborers
• businesses
• government

Give at least three examples for each group. Answers may be completed in chart form or in paragraph form.

Part 3: Explain how the three groups are connected in regard to unemployment. How does a change in one group affect the other two? For example, if a business lays off thousands of employees, what impacts (social, political, or economic) might the lay-offs have on government and laborers?

Your response should be written in paragraph form. A well-written answer will include at least 3 examples to support your response. Each example should be thoroughly explained and supported by text, graphs, or articles. If you are citing information from the textbook, a Web site, or an article, create a proper MLA citation for the resource.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91767717

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