The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics. Identify each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Rosa is a physician who has decided to relocate to California to be closer to her family. She is currently interviewing with several prestigious hospitals in the San Francisco Bay Area. Nick recently lost his job as a waiter at a local restaurant. A recent increase in the minimum wage keeps local employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. He continues to look for a job, but he's considering going back to school for vocational training. A recent recession has reduced the number of visitors to a local theme park. The park has had to lay off many of its employees, including Alyssa. The following table shows data on frictional, cyclical, structural, and total unemployment for an economy. Unemployment Type Frictional Cyclical Structural Total unemployment Rate (Percent) 3.1 0.0 1.0 4.1 Structural Frictional O Cyclical O O
The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics. Identify each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Rosa is a physician who has decided to relocate to California to be closer to her family. She is currently interviewing with several prestigious hospitals in the San Francisco Bay Area. Nick recently lost his job as a waiter at a local restaurant. A recent increase in the minimum wage keeps local employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. He continues to look for a job, but he's considering going back to school for vocational training. A recent recession has reduced the number of visitors to a local theme park. The park has had to lay off many of its employees, including Alyssa. The following table shows data on frictional, cyclical, structural, and total unemployment for an economy. Unemployment Type Frictional Cyclical Structural Total unemployment Rate (Percent) 3.1 0.0 1.0 4.1 Structural Frictional O Cyclical O O
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
Problem 4P
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Transcribed Image Text:3. Types of unemployment
The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics.
Identify each person in the table as structurally, frictionally, or cyclically unemployed.
Unemployment Type
Rosa is a physician who has decided to relocate to California to be closer to her family. She is currently
interviewing with several prestigious hospitals in the San Francisco Bay Area.
Nick recently lost his job as a waiter at a local restaurant. A recent increase in the minimum wage keeps
local employers from adding more of the low-skill positions for which he qualifies, so he has been unable.
to find work. He continues to look for a job, but he's considering going back to school for vocational
training.
A recent recession has reduced the number of visitors to a local theme park. The park has had to lay off
many of its employees, including Alyssa.
The following table shows data on frictional, cyclical, structural, and total unemployment for an economy.
Unemployment Type
Frictional
Cyclical
Structural
Total unemployment
Rate
(Percent)
3.1
0.0
1.0
4.1
Structural Frictional
O
Cyclical
O
Transcribed Image Text:Total unemployment
True or False: This economy is not currently at its natural rate of unemployment.
True
4.1
False
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