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

Q: The three people described in the following table are categorized as unemployed by the Bureau of…

A: Frictional unemployment refers to the temporary unemployment which may occur while switching jobs or…

Q: Suppose that the natural rate of unemployment is 5% and the actual rate of unemployment is 5%.…

A: Cyclical unemployment is the component of overall unemployment that results directly from cycles of…

Q: According the U.S. labor statistics, roughly 5.8 million people were unemployed in 2006. Of these,…

A: Unemployment refers to the state of being without a job or work, despite being willing and able to…

Q: The Bureau of Labor Statistics (BLS) adjusts the numbers from the household survey to estimate the…

A: The participation rate, in the context of labor economics and employment statistics, is a measure…

Q: Simon used to work at McDonald’s but was fired because he frequently missed his shifts at work.…

A: Frictional Unemployment. Temporary changes in workers' lives, such as moving to a new city and…

Q: Suppose the current unemployment rate is 5 percent, the labor force is 400 million people, and the…

A: The answer is d) 20 million people.Here's why: The unemployment rate represents the percentage of…

Q: A textile firm closes a plant in Massachusetts and transfers production to a plant in South…

A: Frictional unemployment occurs when workers are between jobs, typically due to voluntary reasons…

Q: a) The number of unemployed is 3,970,449 b) The amount of people in the labor force is 18,020,663…

A: Number of unemployed = 3,970,449 The number of people in the labor force= 18,020,663

Q: In 2017, Boeing announced that it was laying off 1,800 employees in addition to the 7,000 workers it…

A: Employment refers to the state of having a paid job or being engaged in a productive economic…

Q: In a given community, the unemployment rate is 5% and their working-age population is 3 Million.…

A: The unemployment rate refers to the fraction of the total labor force that is not employed. The…

Q: Sharon was laid off from her job but has decided to go back to school full ti Which of the following…

A: Labor force is the sum of people who are employed or unemployed. Employed people are those who are…

Q: Scenario 1.  Assume that frictional unemployment is 25; structural unemployment is 50; cyclical…

A: Unemployment refers to people who are employable and actively looking for work but are unable to…

Q: 9. Types of unemployment The three people described in the following table are categorized as…

A: Identifying Types of Unemployment Based on the descriptions provided: Deborah: A recent recession…

Q: In March 2016 American employers added 215,000 positions to their payrolls, bringing the average job…

A: The unemployment rate depicts the proportion of unemployed individuals in the total labor force. The…

Q: Consider an economy with the following data:   Employed = 891 million Unemployed = 9 million…

A: Unemployment Rate = Total Unemployed / Total Labor Force * 100 Total Labor Force = Total Employed +…

Q: Suppose an economy is experiencing the following rates of unemployment by type.     Rate (%)…

A: The objective of the question is to calculate the actual unemployment rate and the natural rate of…

Q: Consider an economy with the following data: Population (civilian, 16 and older,…

A: Unemployment rate=unemployed/labor force*100 Labor force=employed+unemployed=188+12 =200

Q: Based on each of the following descriptions of an individual, answer whether they would be…

A: A person who is above the minimum age criteria is considered as the labor force. While the person…

Q: These are the signs of Cyclical unemployment (choose all that are relevant) (Chapter 4) Question 12…

A: Cyclical unemployment is the amount of overall unemployment that is specifically brought on by…

Q: Based on each of the following descriptions of an individual, answer whether they would be…

A: Employment is the count of the people who have a working job. People who are jobless and are looking…

Q: Consider the following people: According to the scenario above, in which of the following groups…

A: Structural unemployment:Structural unemployment refers to a type of unemployment that occurs due to…

Q: Based on the information in the table below, calculate the unemployment rate: Total adult…

A: Unemployment rate measures the percentage of total labor force that are unemployed. By unemployed,…

Q: In an economy, the working-age population iš 100 million Uf this total, 75 million workers are…

A: Working-age population=100 million Employed: People who are working in a paid job=75 million…

Q: Suppose that Julie is laid off because she works at the last automobile manufacturer in Virginia,…

A: When a person is able and willing to do work but is unable to find work or a job he is said to be…

Q: Suppose a technological breakthrough leads domestic manufacturers to decrease the number of workers…

A: Unemployment exist when a person who is actively seeking job, willing and able to work at the given…

Q: A man who retired becomes bored with retirement and begins to look for a job.  During the time he is…

A: Unemployment means people without work are searching for a job but unable to find one.