Rate Unemployment Type (Percent) Frictional 3.9 Cyclical 0.0 Structural 1.1 Total unemployment 5.0 True or False: This economy is not currently at its natural rate of unemployment. True False
Rate Unemployment Type (Percent) Frictional 3.9 Cyclical 0.0 Structural 1.1 Total unemployment 5.0 True or False: This economy is not currently at its natural rate of unemployment. True False
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
Problem 4P
Related questions
Question
Please answer ALL of the questions below and make sure they are right!
![The following table shows data on frictional, cyclical, structural, and total unemployment for an economy.
Rate
Unemployment Type
(Percent)
Frictional
3.9
Cyclical
0.0
Structural
1.1
Total unemployment
5.0
True or False: This economy is not currently at its natural rate of unemployment.
O True
O False](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb5dcc459-2fb5-4b3b-8cd2-887c0e8d0200%2F06f26f56-2701-4e06-8a0d-dafc4099699e%2Fd3nairr_processed.png&w=3840&q=75)
Transcribed Image Text:The following table shows data on frictional, cyclical, structural, and total unemployment for an economy.
Rate
Unemployment Type
(Percent)
Frictional
3.9
Cyclical
0.0
Structural
1.1
Total unemployment
5.0
True or False: This economy is not currently at its natural rate of unemployment.
O True
O False
![3. Types 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
Charles 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.
Automobile demand has fallen during a recent recession, and Juanita has been laid off from her job on the
assembly line.
Dina 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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb5dcc459-2fb5-4b3b-8cd2-887c0e8d0200%2F06f26f56-2701-4e06-8a0d-dafc4099699e%2Fp5365sh_processed.png&w=3840&q=75)
Transcribed Image Text:3. Types 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
Charles 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.
Automobile demand has fallen during a recent recession, and Juanita has been laid off from her job on the
assembly line.
Dina 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.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Exploring Economics](https://www.bartleby.com/isbn_cover_images/9781544336329/9781544336329_smallCoverImage.jpg)
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
![Principles of Economics 2e](https://www.bartleby.com/isbn_cover_images/9781947172364/9781947172364_smallCoverImage.jpg)
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
![Essentials of Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781337091992/9781337091992_smallCoverImage.gif)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Exploring Economics](https://www.bartleby.com/isbn_cover_images/9781544336329/9781544336329_smallCoverImage.jpg)
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
![Principles of Economics 2e](https://www.bartleby.com/isbn_cover_images/9781947172364/9781947172364_smallCoverImage.jpg)
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
![Essentials of Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781337091992/9781337091992_smallCoverImage.gif)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Brief Principles of Macroeconomics (MindTap Cours…](https://www.bartleby.com/isbn_cover_images/9781337091985/9781337091985_smallCoverImage.gif)
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Principles of Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781305585126/9781305585126_smallCoverImage.gif)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Principles of Macroeconomics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781285165912/9781285165912_smallCoverImage.gif)
Principles of Macroeconomics (MindTap Course List)
Economics
ISBN:
9781285165912
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning