At CENGAGE MINDTAP Q Search this course Aplia Homework Chapter 15 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. Frictional Cyclical Structural Unemployment Type Alyssa 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. Nick recently lost his job as a waiter at a local restaurant. A recent increase in the minimum wage keeps local employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. He continues to look for a job, but he's considering going back to school for vocational training. Rosa 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. The following table shows data on frictional, cyclical, structural, and total unemployment for an economy. Rate (Percent) Unemployment Type 3.7 Frictional Rosa 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. The following table shows data on frictional, cyclical, structural, and total unemployment for an economy. Rate Unemployment Type (Percent) Frictional 3.7 Cyclical 0.0 Structural 0.9 Total unemployment 4.6 True or False: This economy is not currently at its natural rate of unemployment. True False Grade it Now O t
At CENGAGE MINDTAP Q Search this course Aplia Homework Chapter 15 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. Frictional Cyclical Structural Unemployment Type Alyssa 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. Nick recently lost his job as a waiter at a local restaurant. A recent increase in the minimum wage keeps local employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. He continues to look for a job, but he's considering going back to school for vocational training. Rosa 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. The following table shows data on frictional, cyclical, structural, and total unemployment for an economy. Rate (Percent) Unemployment Type 3.7 Frictional Rosa 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. The following table shows data on frictional, cyclical, structural, and total unemployment for an economy. Rate Unemployment Type (Percent) Frictional 3.7 Cyclical 0.0 Structural 0.9 Total unemployment 4.6 True or False: This economy is not currently at its natural rate of unemployment. True False Grade it Now O t
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Q Search this course
Aplia Homework Chapter 15
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.
Frictional
Cyclical
Structural
Unemployment Type
Alyssa 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.
Nick recently lost his job as a waiter at a local restaurant. A recent increase in the minimum wage keeps
local employers from adding more of the low-skill positions for which he qualifies, so he has been unable
to find work. He continues to look for a job, but he's considering going back to school for vocational
training.
Rosa 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.
The following table shows data on frictional, cyclical, structural, and total unemployment for an economy.
Rate
(Percent)
Unemployment Type
3.7
Frictional
Transcribed Image Text:Rosa 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.
The following table shows data on frictional, cyclical, structural, and total unemployment for an economy.
Rate
Unemployment Type
(Percent)
Frictional
3.7
Cyclical
0.0
Structural
0.9
Total unemployment
4.6
True or False: This economy is not currently at its natural rate of unemployment.
True
False
Grade it Now
O t
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