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 TypeStructuralFrictionalCyclicalSean recently lost his job as a dishwasher. Minimum-wage legislation keeps employers from adding moreof 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 offmany 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.RateUnemployment Type(Percent)Frictional3.1Cyclical0.0Structural1.0Total unemployment4.1True or False: This economy is not currently at its natural rate of unemployment.O TrueO False

Sean recently lost his job.....- Structural A recent recession has reduced....- Cyclical Yvette…

Answered: The three people described in the…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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David earned a salary of $43,500$43,500 in 1994 and $89,000$89,000 in 2010. The consumer price index was 148.2 in 1994 and 215.3 in 2010. David's 1994 salary in 2010 dollars is _.
If a worker is employed throughout the holiday season but remains unemployed for the rest of the year, then what category of unemployed persons would this individual fat into? Frictionally unemployed Structurally unemployed Cyclically unemployed Seasonally unemployed
Robert applied for a job as a machine technologist. Due to his low level of skills in operating heavy duty machinery, Robert was not able to land the job. This type of unemployment is considered: Frictional Structural Seasonal Cyclical None of the above
Suppose an economy is experiencing the following rates of unemployment by type. Rate (%) Cyclically Unemployed 4.3 Frictionally Unemployed 4.8 Structurally Unemployed 4.2 The actual unemployment rate is Multiple Choice 13.3 percent and the natural rate of unemployment is 9.0 percent. 15.5 percent and the natural rate of unemployment is 13.3 percent. 9.0 percent and the natural rate of unemployment is 13.3 percent. 13.3 percent and the natural rate of unemployment is 15.5 percent
Miriam is actively searching for a new job after she voluntarily quit her job. Miriam is now considered: Group of answer choices Cyclically unemployed Structurally unemployed Not eligible for future employment Frictionally unemployed
When Rachel was a teenager, growing up in the 1980’s, she dreamed of one day taking over her parents’ record store business. In the year 2000, her parents’ record store, along with countless others, closed down because people preferred to buy digital music online. The people who lost their jobs in the record stores are considered: Question 26 options: a) seasonally unemployed b) frictionally unemployed c) structurally unemployed d) cyclically unemployed
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 Antonio recently lost his job as a delivery driver, 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. о A recent recession has reduced the number of visitors to a local water park. The park has had to lay off many of its employees, including Frances. о Caroline just moved with her husband to Bismark, North Dakota. She's looking for a job as a judicial clerk. о The following table presents data on frictional, cyclical, structural, and total unemployment for an economy. Rate Unemployment Type (Percent) Frictional Cyclical 3.9 0.0 Structural 0.9 Total unemployment 4.8 True or False: This economy is not currently at its natural rate of…
Last week Frank quit his job in Kansas City expecting to be able to get a job as an actor in Los Angeles. He is a good actor, but he hasn’t found an acting job yet. Economists would classify him as: Group of answer choices not in the labor force frictionally unemployed structurally unemployed cyclically unemployed
Decide whether each of the following are frictional, structural, or cyclical unemployment: The economy gets worse, so General Motors shuts down a factory for four months, laying off workers. General Motors lays off 5,000 workers and replaces them with robots. The workers start looking for jobs outside the auto industry. About 10 workers per month at a General Motors plant quit their jobs because they want to live in another town. They start searching for work in the new town.
Suppose an economy is experiencing the following rates of unemployment by type. Rate (%) Cyclically Unemployed 1.5 Frictionally Unemployed 3.3 Structurally Unemployed 2.6 The actual unemployment rate is Multiple Choice 7.4 percent and the natural rate of unemployment is 5.9 percent. 5.9 percent and the natural rate of unemployment is 7.4 percent. 7.4 percent and the natural rate of unemployment is 10.1 percent. 10.1 percent and the natural rate of unemployment is 7.4 percent
For the following scenarios, choose from the following types of unemployment: Frictional, Cyclical, or Structural. Joe is looking for work as a machinist after his and most other machinist jobs were eliminated and replaced by computer-operated machines. What type of unemployment is Joe experiencing? Tired of the same job, day-in, and day-out, Delores quit her job and is looking for more challenging work. George was laid off by his trucking firm because of a recession.
At CENGAGE MINDTAP Q Search this course Aplia Homework Chapter 15 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. Frictional Cyclical Structural Unemployment Type Alyssa is a real estate agent. House sales in her area have declined because the region has been going through a recession. She has no clients and is currently looking for a new full-time job. Nick recently lost his job as a waiter at a local restaurant. A recent increase in the minimum wage keeps local employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. He continues to look for a job, but he's considering going back to school for vocational training. Rosa is a physician who has decided to relocate to California to be closer to her family. She is currently interviewing with several…

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