Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 22, Problem 5MCQ
To determine
The components of natural rate of
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Bob cannot find a job because he does not have the required skills.
A. seasonal
B. frictional
C. structural
D. cyclical
E. not counted
Which type of unemployment is experienced by an individual who lost his job due to an economic recession?
a.
Natural
b.
Structural
c.
Cyclical
d.
Frictional
Bob recently retired.
A. seasonal
B. frictional
C. structural
D. cyclical
E. not counted
Chapter 22 Solutions
Foundations of Economics (8th Edition)
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- Bob used to work in an automobile factory, but he was replaced by a machine. A. seasonal B. frictional C. structural D. cyclical E. not countedarrow_forwardBob does not work to take care of his ailing mother. A. seasonal B. frictional O C. structural D. cyclical E. not countedarrow_forwardBob wants to move to California so he quits his job. A. seasonal B. frictional C. structural O D. cyclical E. not countedarrow_forward
- How does the unemployment rate behave over the business cycle? The unemployment rate _______. A. remains relatively constant over the business cycle at an average of 5.7 percent B. equals 10 percent during a recession and falls to zero during an expansion C. rises during a recession and falls during an expansion D. equals 100 minus the employment-population ratio over the business cyclearrow_forwardPlease answer correct explain plz asaparrow_forwardOn a business cycle diagram, the trough represents: a. An expansionary phase b. A contractionary phase c. The lowest point of economic activity d. The highest point of growtharrow_forward
- What type of unemployment might older workers be more prone to experience? Explain how the unemployment rate of older workers is influenced by the business cycle. Older workers are more prone to experience _______ unemployment. During a recession, the unemployment rate of older workers _______. A. structural; decreases B. natural; remains constant C. structural; increases D. frictional; decreasesarrow_forwardIf a server was laid off at the beginning of the pandemic due to a lack of customers coming to their restaurant, what type of unemployment are they experiencing? a. structural b. frictional c. cyclical d. none of the abovearrow_forwardSelect the type of unemployment occurring in each of the causes below (and explain your answer): a) Workers in a high-end restaurant are laid off when the establishment experiences a decline in demand during a recession. A. cyclical B. frictional C. structural b) A new college graduate takes three months to find his first job. A. cyclical B. frictional C. structuralarrow_forward
- Plz solve it accurately.arrow_forwardPeople who lost their jobs due to the low economic activity brought about by the virus are victims of _______ unemployment a. Frictional b. Structural c. Cyclical d. Naturalarrow_forward2. Which of the following indicates that Mr. Ali lost his job because of the shutdown of an Airline office in Oman? a.Cyclical unemployment b.Classical unemployment c.Disguised unemployment d.Structural unemploymentarrow_forward
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