Match the workers' situation with their type of unemployment Dragged and dropped options on the right-hand side will be automatically saved. For keyboard navigation... SHOW MORE ✓ After completing a complex programming project Melanie is laid off. Her prospects for a new job requiring similar skills are good and she has signed up with a programmer placement service. She has passed up offers for low- paying jobs. = III Structural unemployment When Blake and their co-workers refused to accept pay cuts their employer outsourced their programming tasks to workers in another country. This phenomenon is occurring throughout the programming industry. = Frictional unemployment James is an architect who has been laid off owing to a slump in demand for property. He feels he will have to wait until the economy picks up before he can get a new job. III Cyclical unemployment

Match the workers' situation with their type of unemployment Dragged and dropped options on the right-hand side will be automatically saved. For keyboard navigation... SHOW MORE ✓ After completing a complex programming project Melanie is laid off. Her prospects for a new job requiring similar skills are good and she has signed up with a programmer placement service. She has passed up offers for low- paying jobs. = III Structural unemployment When Blake and their co-workers refused to accept pay cuts their employer outsourced their programming tasks to workers in another country. This phenomenon is occurring throughout the programming industry. = Frictional unemployment James is an architect who has been laid off owing to a slump in demand for property. He feels he will have to wait until the economy picks up before he can get a new job. III Cyclical unemployment

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 5P

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Similar questions

Are U.S. unemployment rates distributed evenly across the population?
What is structural unemployment? Give examples of structural unemployment.
Would you expect the natural rate of unemployment to remain the same within one country over the long run of several decades?
Is it desirable to eliminate natural unemployment? Why or why not? Hint: Think about what our economy would look like today and what assumptions would have to be met to have a zero rate of natural unemployment.
Would you expect the natural rate of unemployment to be roughly the same in different countries?
If you an? out of school but working part time, are you considered employed or unemployed in U.S. labor statistics? If you are a full time student and working 12 hours a week at the college cafeteria are you considered employed or not in the labor force? If you are a senior citizen who is collecting social security and a pension and working as a greater at Wal-Mart are you considered employed or not in the labor force?
While unemployment is highly negatively correlated with the level of economic activity, in the real world it responds with a lag. In other wands, firms do not immediately lay off workers in response to a sales decline. They wait a while before responding. Similarly, firms do not immediately hire workers when sales pick up. What do you think accounts for the lag in response time?
What criteria do the BLS use to count someone as employed? As unemployed?