Answer in step by step with explanation.Don't use Ai and chatgpt.Answer in all options. Identify each person in the table as structurally, frictionally, or cyclically unemployed.Unemployment TypeTeresa works for a luxury travel company and is struggling to meet her sales targets in the midst of aneconomic downturn. As the company faces financial challenges, strategic decisions are made which lead toTeresa's departure from the firm.Structural Frictional CyclicalооONeha is a professor of economics who relocated to Maine to be closer to her elderly parents. She iscurrently engaged in the interview process with several nearby colleges.°о0Lorenzo is a transit operator who left his job when his partner relocated to another state. Publictransportation usage is lower compared to neighboring states. The reduced demand can be attributed tohigh wages negotiated by transit unions. He would like to work at the high union wage but remainsunemployed due to a lack of transit operator positions available.о

Teresa, cyclically unemployed: Teresa became unemployed because of a fall in demand due to economic…

Answered: Identify each person in the table as…

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 4P

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Q.1.8 Mr Brown has recently been retrenched. The firm he worked for had to retrench a number of staff due to the downturn in the economy. Mr Brown has not managed to find alternative employment. We can say he is unemployed. (a) Structurally; (b) Cyclically; (c) Seasonally; (d) Frictionally.
Describe the natural rate 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. Unemployment Type Structural Frictional Cyclical Antonio recently lost his job as a delivery driver, Minimum-wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. о A recent recession has reduced the number of visitors to a local water park. The park has had to lay off many of its employees, including Frances. о Caroline just moved with her husband to Bismark, North Dakota. She's looking for a job as a judicial clerk. о The following table presents data on frictional, cyclical, structural, and total unemployment for an economy. Rate Unemployment Type (Percent) Frictional Cyclical 3.9 0.0 Structural 0.9 Total unemployment 4.8 True or False: This economy is not currently at its natural rate of…
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. Unemployment Type Structural Frictional Cyclical Van 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. Amy just graduated from college and is looking for a full-time position with an investment banking firm. Deborah 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. Unemployment Type Rate (Percent)…
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. Unemployment Type Structural Frictional Cyclical Alyssa just moved with her husband to Portland, Oregon. She's looking for a job as a paralegal. A recent recession has reduced the number of visitors to a local theme park. The park has had to lay off many of its employees, including Crystal. Tim recently lost his job as a dishwasher. Minimum-wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work.
A textile firm closes a plant in Massachusetts and transfers production to a plant in South Carolina, where the firm can take advantage of cheaper labor. The plant supervisor at the Massachusetts plant is given the opportunity to move to South Carolina to become the plant supervisor at that plant. He turns down this opportunity because of family obligations. While he is searching for a new job he would be classified as A) structurally unemployed. B) cyclically unemployed. C) frictionally unemployed. D) not in the labor force because he turned down the opportunity to relocate. ME
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. Unemployment Type Structural Frictional Cyclical Felix 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. Janet just moved with her husband to Portland, Oregon. She's looking for a job as a paralegal. Automobile demand has fallen during a recent recession, and Megan has been laid off from her job on the assembly line. The following table shows data on frictional, cyclical, structural, and total unemployment for an economy. 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. Unemployment Type Structural Frictional Cyclical Sean recently lost his job as a dishwasher. Minimum-wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. A recent recession has reduced the number of visitors to a local theme park. The park has had to lay off many of its employees, including Cho. Yvette just graduated from college and is looking for a full-time position with an investment banking firm. The following table shows data on frictional, cyclical, structural, and total unemployment for an economy. Rate Unemployment Type (Percent) Frictional 3.1 Cyclical 0.0 Structural 1.0 Total unemployment 4.1 True or False: This economy is not currently at its natural rate of unemployment. O True O False
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. Unemployment Type Structural Frictional Cyclical Automobile demand has fallen during a recent recession, and Maria has been laid off from her job on the assembly line. Edison recently lost his job as a dishwasher. Minimum-wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. Hilary 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. Unemployment Type Rate (Percent) Frictional 3.2…
See the labor market graph directly below. If there is a sticky wage of $20, what is the unemployment rate in this labor market? 20 on 16 16 12 A Labor Market 160 15.00% 8.57% 9.38% >0% 10.00% 16.00% Although the graph does not present complete labels, standard labor market labels apply. Note: graph is not to scale. 175 (millions)
An auto company decided to relocate its offices from Huntsville, Alabama to Orlando, Florida. The human resources manager of the auto company refuses to relocate to Orlando due to family obligations. While she is searching for a new job, the manager will be considered: Group of answer choices Cyclically unemployed Frictionally unemployed Structurally unemployed Not fit for consideration for any human resource job
what is the art majors salary in 2011? 2012?

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