3. Types of unemployment The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics. Identify each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Hilary is a physician who has decided to relocate to California to be closer to her family. She is currently interviewing with several prestigious hospitals in the San Diego area. Maria is a real estate agent. House sales in her area have declined because the region has been going. through a recession. She has no clients and is currently looking for a new full-time job. Edison left his job as an electrician when his wife took a position in another region. The quantity of electrical cancer nded is con Structural Frictional Cyclical
3. Types of unemployment The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics. Identify each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Hilary is a physician who has decided to relocate to California to be closer to her family. She is currently interviewing with several prestigious hospitals in the San Diego area. Maria is a real estate agent. House sales in her area have declined because the region has been going. through a recession. She has no clients and is currently looking for a new full-time job. Edison left his job as an electrician when his wife took a position in another region. The quantity of electrical cancer nded is con Structural Frictional Cyclical
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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