You are an employee of the Bureau of Labor Statistics involved in the monthly survey of households used to estimate the unemployment rate. In each of the following cases, classify the individual as frictionally, structurally, or cyclically unemployed. Explain your classification.
(a) There has been a general economic slowdown. Because of weak demand, Andy Capp has lost his job at the docks.
(b) Phil McCafferty, a newly qualified dental school graduate, is looking for a place to set up practice.
(c) Coal miner Ned Ludd is thrown out of work by the introduction of a more mechanized production process.
(d) Latosha Hogan, a computer programmer with a large bank, quit her job two months ago in search of a better- paid programming position. She is still looking.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q52: Explain why some economists argue that counting
Q121: What is the Consumer Price Index?
Q165: Explain the three different types of unemployment.
Q166: For each of the following, indicate if
Q168: You are an employee of the Bureau
Q170: Q171: Explain why a large deflation could force Q172: Answer parts (a) through (d) using the Q173: Unemployment insurance benefits are typically temporary and Q174: ![]()
![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents