Assume a part-time student was laid off from work last June because the economy was in a slump. The student spent the month of July looking for a job, and decided in August to not look for work and become a full-time student. During July and August, this student was:
A) cyclically unemployed.
B) cyclically unemployed and then out of the labor force.
C) frictionally unemployed and then out of the labor force.
D) cyclically unemployed and then frictionally unemployed.

Question

Quizplus · Accepted Answer

In July, the student was cyclically unemployed due to the economic slump. In August, the student stopped looking for work and became a full-time student, thus moving out of the labor force.

Assume a Part-Time Student Was Laid Off from Work Last