Attempts 7. Types of unemployment Average / 2 In the following table, determine what type of unemployment best describes each situation. Frictional Unemployment Structural Unemployment Cyclical Unemployment Rosa 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. O Charles quit his part-time job to search full time for a job that was more closely related to his education. O O Eleanor was laid off from the gold mine where she worked, because a recession caused a decrease in demand for metals. 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.) acer
Attempts 7. Types of unemployment Average / 2 In the following table, determine what type of unemployment best describes each situation. Frictional Unemployment Structural Unemployment Cyclical Unemployment Rosa 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. O Charles quit his part-time job to search full time for a job that was more closely related to his education. O O Eleanor was laid off from the gold mine where she worked, because a recession caused a decrease in demand for metals. 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.) acer
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter21: Unemployment
Section: Chapter Questions
Problem 26RQ: What is frictional unemployment? Give examples of frictional unemployment.
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Transcribed Image Text:Attempts
7. Types of unemployment
Average / 2
In the following table, determine what type of unemployment best describes each situation.
Frictional
Unemployment
Structural
Unemployment
Cyclical
Unemployment
Rosa 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.
O
Charles quit his part-time job to search full time for a job that was more
closely related to his education.
O
O
Eleanor was laid off from the gold mine where she worked, because a
recession caused a decrease in demand for metals.
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.)
acer
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