Which of the following people is frictionally unemployed?
A) Cara,an executive who lost her job because her company could not compete with foreign competition and whose skills are not wanted by other companies
B) Tran,a building construction supervisor who was fired because of a downturn in the building industry that is the result of a general downturn in the economy
C) Eugene,a pharmaceutical drug salesman who was laid off when his company lost a large contract with an HMO
D) Amanda,a sales associate at J.C.Penney who quit her job to attend school full time
E) Samantha,who worked part-time in J.C.Penney to help with the Christmas rush but was laid off in January
Correct Answer:
Verified
Q247: When the unemployment rate is less than
Q248: If real GDP exceeds potential GDP,then the
Q249: During a recession,
A)real GDP is equal to
Q250: An increase in unemployment benefits _ and
Q251: Vicki would be classified as
A)a voluntary part-time
Q253: When the unemployment rate is greater than
Q254: As the unemployment rate increases,
A)potential GDP decreases.
B)real
Q255: If an entire industry relocates to a
Q256: Which of the following lowers frictional unemployment?
A)more
Q257: When the unemployment rate equals the natural
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