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Suppose the world price of wood pulp falls substantially. The demand for labour among wood pulp-producing firms in northern British Columbia will decrease . The demand for labour among paper and packaging-producing firms in southern British Columbia, for which wood pulp is an input, will increase . The temporary unemployment resulting from such sectoral shifts in the economy is best described as frictional unemployment
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Sectoral shifts, frictional unemployment, and job searches Suppose the world price of wood pulp falls substantially. The demand for labour among wood pulp- producing firms in northern British Columbia will decrease. The demand for labour among paper and packaging-producing firms in southern British Columbia, for which wood pulp is an input, will increase. The temporary unemployment resulting from such sectoral shifts in the economy is best described as frictional unemployment.
