In February 2020 the number of unemployed in the U.S. was 5.8 million and the unemployment rate was 3.5%. The vast majority of the people who were then unemployed A.were experiencing structural unemployment arising from a mismatch between skills and job requirements. B.were experiencing cyclical unemployment due to a slowdown in economic activity. C.were experiencing structural unemployment which is a type of unemployment very difficult to resolve without government intervention. D.were experiencing either cyclical or structural unemployment. E.were experiencing either frictional or structural unemployment, but not cyclical unemployment.

Given that there existed unemployment in Feb 2020 and there were vast majority of people who remain…

Answered: In February 2020 the number of…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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In February 2020 the number of unemployed in the U.S. was 5.8 million and the unemployment rate was 3.5%. The vast majority of the people who were then unemployed

	A.	were experiencing structural unemployment arising from a mismatch between skills and job requirements.
	B.	were experiencing cyclical unemployment due to a slowdown in economic activity.
	C.	were experiencing structural unemployment which is a type of unemployment very difficult to resolve without government intervention.
	D.	were experiencing either cyclical or structural unemployment.
	E.	were experiencing either frictional or structural unemployment, but not cyclical unemployment.

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