4. 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 Structural Frictional Cyclical 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 Francisco Bay Area. A recent recession has reduced the number of visitors to a local theme park. The park has had to lay off many of its employees, including Maria.
4. 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 Structural Frictional Cyclical 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 Francisco Bay Area. A recent recession has reduced the number of visitors to a local theme park. The park has had to lay off many of its employees, including Maria.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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macroeconimcs question 4
Transcribed Image Text:4. 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
Structural Frictional Cyclical
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 Francisco Bay Area.
A recent recession has reduced the number of visitors to a local theme park. The park has had to lay off
many of its employees, including Maria.
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