Questions: Structural changes in an economy and changes in consumer tastes are reasons for: job creation and job destruction. job searches. unemployment during expansions. unemployment during recessions.

Structural changes in an economy and changes in consumer tastes are reasons for:
job creation and job destruction.
job searches.
unemployment during expansions.
unemployment during recessions.
Transcript text: Structural changes in an economy and changes in consumer tastes are reasons for: job creation and job destruction. job searches. unemployment during expansions. unemployment during recessions.
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Solution

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Answer

The answer is job creation and job destruction.

Explanation
Option 1: Job creation and job destruction

Structural changes in an economy, such as technological advancements or shifts in industry focus, can lead to the creation of new jobs in emerging sectors while simultaneously causing the destruction of jobs in declining industries. Similarly, changes in consumer tastes can lead to increased demand for certain products or services, creating jobs, while reducing demand for others, leading to job losses.

Option 2: Job searches

While structural changes and changes in consumer tastes can influence job searches, they are not direct reasons for job searches themselves. Job searches are typically a result of individuals seeking employment, whether due to entering the workforce, changing jobs, or re-entering the workforce after a period of absence.

Option 3: Unemployment during expansions

Unemployment during economic expansions is generally low, as expansions are characterized by increased economic activity and job creation. However, structural changes can still cause unemployment in specific sectors even during expansions, but this is not the primary reason for unemployment during such periods.

Option 4: Unemployment during recessions

Unemployment during recessions is primarily due to reduced economic activity and demand, leading to job losses across various sectors. While structural changes can contribute to unemployment during recessions, they are not the main reason for it.

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