Which of the following is an example of cyclical unemployment?
A) Dora lost her job when the textile factory closed. She does not have skills to work in another industry and has been unemployed for over a year.
B) Marsha was laid off from her job with the airline because the recession reduced demand for airline travel. She expects to get her job back when the economy picks up.
C) George is an unskilled worker who mows lawns in the summer, but is unemployed the rest of the year.
D) Jim had a job as an engineer, but quit when his wife was transferred to another state. He looked for a month before finding a new job that he liked.
Correct Answer:
Verified
Q89: Structural unemployment occurs because
A)new jobs are created,
Q90: Structural unemployment is:
A)the additional unemployment not captured
Q91: Heterogeneity and the dynamic nature of labor
Q92: Cyclical unemployment is:
A)the additional unemployment not captured
Q93: Cyclical unemployment occurs because
A)labor markets are heterogeneous
Q95: The costs of unemployment are lowest (and
Q96: From an economic perspective, the best response
Q97: Long-term chronic unemployment that results even when
Q98: Frictional unemployment is:
A)the unemployment that results when
Q99: Martha did not like her job as
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