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 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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F095e7339-ae56-4f10-abfe-6ee1503767c2%2Fc0e2b870-0d09-4670-8446-75f515418ae0%2Fgngottf_processed.png&w=3840&q=75)
Transcribed Image Text: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
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