Answer in step by step with explanation.Answer in all options.Don't use Ai and chatgpt Caren, a professional photographer for a magazine, loses her job during a recessionin the economy. This is an example of:structural unemployment.seasonal unemployment.frictional unemployment.cyclical unemployment.OCT20

Step 1:Caren losing her job during a recession in the economy is an example of cyclical unemployment…

Answered: Caren, a professional photographer for…

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter12: Business Cycles And Unemployment

Section: Chapter Questions

Problem 9SQ

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Similar questions

Suppose that the natural rate of unemployment is 5% and the actual rate of unemployment is 5%. Cyclical unemployment is equal to (%)
Unemployment that results because it takes time for workers to search for the jobs that best suit their tastes and skills is called structural unemployment .frictional unemployment .the natural rate of unemployment .cyclical unemployment bO
Here is some data for an economy. Population: 22.5 million Population under the age of 16 years: 7.5 million Discouraged workers: 250,000. Retired people: 1 million Structurally unemployed people: 320,000 Frictionally unemployed people: 220,000 Cyclically unemployed people: 2.2 million Based on this data, what is the approximate unemployment rate in this economy? Answers: 16% 19.6% 19.93% 80.07%
A country has 20 employed workers, 5 unemployed workers still actively seekingjobs, and 10 unemployed workers who have quit looking for jobs. The unemployment rate is:
Please explain
At full employment there is no structural unemployment. unemployment. frictional unemployment. avoidable unemployment. cyclical unemployment.
If the number of people classified as unemployed is 20,000 and the number of people classified as employed is 400,000, what is the unemployment rate? 5% 10% 8% 4%
Even an economy that is operating at peak efficiency will have a positive unemployment rate. Economists call this "full employment". Full employment is also known as The natural rate of unemployment frictional unemployment cyclical unemployment Structural unemployment
Describe the natural rate of unemployment
Suppose a country has a working-age population of 200 million, with 6.82 million unemployed and 117.18 million employed. The country's labor force participation rate is and the unemployment rate is
Assume the following for the town of Boone: The town has a total population of 60,000 people, of which 2,000 are under 16 years of age or are institutionalized; 4,000 are full-time students who are not employed and are not seeking work; and 50,000 are employed. The rest of the people are out of work but have been actively seeking work within the past four weeks. What is the unemployment rate in Boone? Instructions: Round your answer to 1 decimal place. percent

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Caren, a professional photographer for a magazine, loses her job during a recession in the economy. This is an example of: structural unemployment. seasonal unemployment. frictional unemployment. cyclical unemployment. OCT 20