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7.3 What causes changes in unemployment over the short run  (Page 13/14)

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  • Card 13 / 14:
    insider-outsider model

    those already working for the firm are “insiders” who know the procedures; the other workers are “outsiders” who are recent or prospective hires

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Practice FlashCards 5 Key Terms 6

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Source:  OpenStax, Principles of macroeconomics for ap® courses. OpenStax CNX. Aug 24, 2015 Download for free at http://legacy.cnx.org/content/col11864/1.2
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