Classify each of the following cases as frictional,structural,or cyclical unemployment.
(a)John graduated from college and is currently looking for a job.
(b)A farmer lost his job because the area he lives in was transformed into a highly industrialized zone.
(c)Eliot works in the automobile industry in Detroit.He lost his job because cheaper imported cars have poured into America from Mexico.
(d)Mrs.Dunkin finished raising her children and decided to look for a job.
(e)Elizabeth lost her job because the company she used to work for merged with another company.
(f)David,who is a restaurant manager,lost his job because of a recession.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q114: Distinguish a Keynesian from a Classical economist,and
Q115: What is the business cycle? List (in
Q116: What is the business cycle? How is
Q117: Explain how the unemployment rate is calculated.
Q118: What is the target rate of unemployment
Q119: What is the target rate of unemployment?
Q120: The target rate of unemployment is defined
Q122: How does the target rate of unemployment
Q123: Draw a diagram of the phases of
Q124: Assuming that the number of working-age adults
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