a. Maya just graduated from a top medical school and is currently deciding which hospital emergency room job she will accept. b. Alejandro, an advertising executive in Seattle, quit his job one month ago to look for a more prestigious advertising job in New York City. He is still looking for a job. c. Yvonne got laid off from her job as a financial analyst 3 months ago and has not looked for a new job since then.

a. Maya just graduated from a top medical school and is currently deciding which hospital emergency room job she will accept. b. Alejandro, an advertising executive in Seattle, quit his job one month ago to look for a more prestigious advertising job in New York City. He is still looking for a job. c. Yvonne got laid off from her job as a financial analyst 3 months ago and has not looked for a new job since then.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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6. In each of the following cases, classify the person as cyclically unemployed, structurally unemployed,
frictionally unemployed, or not in the labor force. Explain your answers.
a. Maya just graduated from a top medical school and is currently deciding which hospital
emergency room job she will accept.
b. Alejandro, an advertising executive in Seattle, quit his job one month ago to look for a more
prestigious advertising job in New York City. He is still looking for a job.
c. Yvonne got laid off from her job as a financial analyst 3 months ago and has not looked for a new
job since then.
d. Taylor lost his job as a welder due to the introduction of robotic welding machines.
e. Ruby quit her job as a hotel concierge to become a full-time student at a culinary school.
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