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9. 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 A recent recession has reduced the number of visitors to a local water park. The park has had to lay off many of its employees, including Deborah. Amy 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. Van recently lost his job as a delivery driver. Minimum-wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. The following table presents data on frictional, cyclical, structural, and total unemployment for an economy. Rate Unemployment Type (Percent) Frictional 3.0 Cyclical 0.0 Structural 1.0 Total unemployment 4.0 True or False: This economy is currently at its natural rate of unemployment. True False Structural Frictional Cyclical

9. 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 A recent recession has reduced the number of visitors to a local water park. The park has had to lay off many of its employees, including Deborah. Amy 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. Van recently lost his job as a delivery driver. Minimum-wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. The following table presents data on frictional, cyclical, structural, and total unemployment for an economy. Rate Unemployment Type (Percent) Frictional 3.0 Cyclical 0.0 Structural 1.0 Total unemployment 4.0 True or False: This economy is currently at its natural rate of unemployment. True False Structural Frictional Cyclical

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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9. 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 A recent recession has reduced the number of visitors to a local water park. The park has had to lay off many of its employees, including Deborah. Amy 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. Van recently lost his job as a delivery driver. Minimum-wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. The following table presents data on frictional, cyclical, structural, and total unemployment for an economy. Rate Unemployment Type (Percent) Frictional 3.0 Cyclical 0.0 Structural 1.0 Total unemployment 4.0 True or False: This economy is currently at its natural rate of unemployment. True False Structural Frictional Cyclical
Transcribed Image Text:9. 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 A recent recession has reduced the number of visitors to a local water park. The park has had to lay off many of its employees, including Deborah. Amy 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. Van recently lost his job as a delivery driver. Minimum-wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. The following table presents data on frictional, cyclical, structural, and total unemployment for an economy. Rate Unemployment Type (Percent) Frictional 3.0 Cyclical 0.0 Structural 1.0 Total unemployment 4.0 True or False: This economy is currently at its natural rate of unemployment. True False Structural Frictional Cyclical
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