Macro econmics question 3 ### 3. Reasons for UnemploymentThe following table gives examples of several unemployed people in the labor market. Identify each person as a job loser, a job leaver, a reentrant, or a new entrant.| Example | Unemployment type ||---------|--------------------|| Laura was a full-time college student. Now that she has graduated, she is looking for her first full-time job. | [Dropdown: Job loser, Job leaver, Reentrant, New entrant] || Nick was laid off from a software firm after it was acquired by a bigger company. | [Dropdown: Job loser, Job leaver, Reentrant, New entrant] || Megan took a break from work to acquire new skills at a computer school and now is looking for a job. | [Dropdown: Job loser, Job leaver, Reentrant, New entrant] || Steve quit his job to enroll in business school as a full-time student. | [Dropdown: Job loser, Job leaver, Reentrant, New entrant] |**Question:**True or False: If an economy has full employment, there can still be members of the labor force seeking work.- o True- o False

The unemployment is a situation in which the labors in the economy are willing to work at the…

The following table gives examples of several unemployed people in the labor market. Identify each person as a job loser, a job leaver, a reentrant, or a new entrant. Example Unemployment type Laura was a full-time college student. Now that she has graduated, she is looking for her first full-time job. Nick was laid off from a software firm after it was acquired by a bigger company. Megan took a break from work to acquire new skills at a computer school and now is looking for a job. Steve quit his job to enroll in business school as a full-time student. True or False: If an economy has full employment, there can still be members of the labor force seeking work. True False

The following table gives examples of several unemployed people in the labor market. Identify each person as a job loser, a job leaver, a reentrant, or a new entrant. Example Unemployment type Laura was a full-time college student. Now that she has graduated, she is looking for her first full-time job. Nick was laid off from a software firm after it was acquired by a bigger company. Megan took a break from work to acquire new skills at a computer school and now is looking for a job. Steve quit his job to enroll in business school as a full-time student. True or False: If an economy has full employment, there can still be members of the labor force seeking work. True False

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 6P

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Question

Macro econmics question 3

### 3. Reasons for Unemployment

The following table gives examples of several unemployed people in the labor market. Identify each person as a job loser, a job leaver, a reentrant, or a new entrant.

| Example | Unemployment type |
|---------|--------------------|
| Laura was a full-time college student. Now that she has graduated, she is looking for her first full-time job. | [Dropdown: Job loser, Job leaver, Reentrant, New entrant] |
| Nick was laid off from a software firm after it was acquired by a bigger company. | [Dropdown: Job loser, Job leaver, Reentrant, New entrant] |
| Megan took a break from work to acquire new skills at a computer school and now is looking for a job. | [Dropdown: Job loser, Job leaver, Reentrant, New entrant] |
| Steve quit his job to enroll in business school as a full-time student. | [Dropdown: Job loser, Job leaver, Reentrant, New entrant] |

**Question:**
True or False: If an economy has full employment, there can still be members of the labor force seeking work.

- o True
- o False

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