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ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Unemployment macroeconomics; please answer all components, thanks!

Part 2: Practice- Identify if the following are most likely considered frictional unemployment (FR), structural unemployment (ST), cyclical unemployment (CY), or not counted in the labor force (NC). 7. A full-time chef quits his job to find a part-time position 8. A newspaper delivery driver loses his job as people buy fewer newspapers 9. A full-time Uber driver stops driving passengers until she can buy a new car 10. Airport security agents are laid off as a new scanning technology improves 11. A fisheman loses his job when a recession causes a decrease in the demand for lobsters 12. A current prison inmate asks her former employer for a job if she gets out of jail early 13. A retired police officer starts looking for a job working security at a local mall 14. A part-time substitute teacher decides to stay at home to raise her kids 15. Explain why "full employment does not mean 0% unemployment.
Transcribed Image Text:Part 2: Practice- Identify if the following are most likely considered frictional unemployment (FR), structural unemployment (ST), cyclical unemployment (CY), or not counted in the labor force (NC). 7. A full-time chef quits his job to find a part-time position 8. A newspaper delivery driver loses his job as people buy fewer newspapers 9. A full-time Uber driver stops driving passengers until she can buy a new car 10. Airport security agents are laid off as a new scanning technology improves 11. A fisheman loses his job when a recession causes a decrease in the demand for lobsters 12. A current prison inmate asks her former employer for a job if she gets out of jail early 13. A retired police officer starts looking for a job working security at a local mall 14. A part-time substitute teacher decides to stay at home to raise her kids 15. Explain why "full employment does not mean 0% unemployment.
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