7. Types of unemployment In the following table, determine what type of unemployment best describes each situation. Stasia was a highly skilled instrument maker, but she hasn't been able to find work in the field since her workshop closed due to competition from instrument makers in China. Structural Unemployment Cyclical Unemployment Frictional Unemployment Latasha was laid off from the gold mine where she worked, because a recession caused a decrease in demand for metals. O O Charles quit his part-time job to search full time for a job that was more closely related to his education. O O O O Imagine an economy where the natural rate of unemployment is 4% and the cyclical rate of unemployment is 2%. In this economy the total rate of unemployment would be and the frictional rate of unemployment would be (Select ?% if the rate cannot be determined from the information given.) ?% OR 4% OR 2% OR 6% ?% OR 4% OR 2% OR 6%

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7. Types of unemployment
In the following table, determine what type of unemployment best describes each situation.
Stasia was a highly skilled instrument maker, but she hasn't been able to
find work in the field since her workshop closed due to competition from
instrument makers in China.
Structural
Unemployment
Cyclical
Unemployment
Frictional
Unemployment
Latasha was laid off from the gold mine where she worked, because a
recession caused a decrease in demand for metals.
O
O
Charles quit his part-time job to search full time for a job that was more
closely related to his education.
O
O
O
O
Imagine an economy where the natural rate of unemployment is 4% and the cyclical rate of unemployment is 2%. In this economy the total rate of
unemployment would be and the frictional rate of unemployment would be (Select ?% if the rate cannot be determined from the
information given.) ?% OR 4% OR 2%
OR 6%
?% OR 4% OR
2% OR 6%
Transcribed Image Text:7. Types of unemployment In the following table, determine what type of unemployment best describes each situation. Stasia was a highly skilled instrument maker, but she hasn't been able to find work in the field since her workshop closed due to competition from instrument makers in China. Structural Unemployment Cyclical Unemployment Frictional Unemployment Latasha was laid off from the gold mine where she worked, because a recession caused a decrease in demand for metals. O O Charles quit his part-time job to search full time for a job that was more closely related to his education. O O O O Imagine an economy where the natural rate of unemployment is 4% and the cyclical rate of unemployment is 2%. In this economy the total rate of unemployment would be and the frictional rate of unemployment would be (Select ?% if the rate cannot be determined from the information given.) ?% OR 4% OR 2% OR 6% ?% OR 4% OR 2% OR 6%
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