Classify the following as frictionally unemployed, structurally unemployed or cyclically unemployed. a. Fred finished his CDL training at Lehigh Career Technical Institute and spent three weeks looking for a job driving a truck. b. Lisa Shneck, a private secretary was laid off from a law firm as her technical skills become obsolete. c. Fred Myer was laid off from the K&K construction company during 2008-09 recession. d. Mike Tyson is fired from Smuckers Company because he is being replaced by the robotic bottling units. e. Bob Wilson recently graduated from the Department of Business at DeSales University and is looking for a Manager position in Lehigh Valley
Classify the following as frictionally unemployed, structurally unemployed or cyclically unemployed. a. Fred finished his CDL training at Lehigh Career Technical Institute and spent three weeks looking for a job driving a truck. b. Lisa Shneck, a private secretary was laid off from a law firm as her technical skills become obsolete. c. Fred Myer was laid off from the K&K construction company during 2008-09 recession. d. Mike Tyson is fired from Smuckers Company because he is being replaced by the robotic bottling units. e. Bob Wilson recently graduated from the Department of Business at DeSales University and is looking for a Manager position in Lehigh Valley
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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- Classify the following as frictionally
unemployed , structurally unemployed or cyclically unemployed.
a. Fred finished his CDL training at Lehigh Career Technical Institute and spent three weeks looking for a job driving a truck.
b. Lisa Shneck, a private secretary was laid off from a law firm as her technical skills become obsolete.
c. Fred Myer was laid off from the K&K construction company during 2008-09 recession.
d. Mike Tyson is fired from Smuckers Company because he is being replaced by the robotic bottling units.
e. Bob Wilson recently graduated from the Department of Business at DeSales University and is looking for a Manager position in Lehigh Valley
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