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Q5. Which of the following situations correspond to cyclical unemployment, structural unemployment, frictional unemployment and exit from the labor force, and why? a. Some of your friends just graduated from college and have 7.2 been looking for jobs for the past five weeks. b. Christine lost her job as a biologist at a biotech company when the whole industry went into recession. c. Gerhard, who used to be a taxi driver, stopped looking for a job three months after he lost his job.

Q5. Which of the following situations correspond to cyclical unemployment, structural unemployment, frictional unemployment and exit from the labor force, and why? a. Some of your friends just graduated from college and have 7.2 been looking for jobs for the past five weeks. b. Christine lost her job as a biologist at a biotech company when the whole industry went into recession. c. Gerhard, who used to be a taxi driver, stopped looking for a job three months after he lost his job.

Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter20: Unemployment
Section: Chapter Questions
Problem 6PA
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Q5. Which of the following situations correspond to cyclical unemployment, structural unemployment, frictional unemployment and exit from the labor force, and why? a. Some of your friends just graduated from college and have 7.2 been looking for jobs for the past five weeks. b. Christine lost her job as a biologist at a biotech company when the whole industry went into recession. c. Gerhard, who used to be a taxi driver, stopped looking for a job three months after he lost his job. d. Dirk has been working as a craftsman making cotton dolls. Now all kids want plastic dolls, and your neighbor has been out of a job for the past two years. e. Aditi, a high-tech engineer, just decided to quit her job in a start-up in Bangalore; she's being interviewed for a better- paid job in a multinational company. f. A man just lost his job as a public reader as education levels have increased in his village.
Transcribed Image Text:Q5. Which of the following situations correspond to cyclical unemployment, structural unemployment, frictional unemployment and exit from the labor force, and why? a. Some of your friends just graduated from college and have 7.2 been looking for jobs for the past five weeks. b. Christine lost her job as a biologist at a biotech company when the whole industry went into recession. c. Gerhard, who used to be a taxi driver, stopped looking for a job three months after he lost his job. d. Dirk has been working as a craftsman making cotton dolls. Now all kids want plastic dolls, and your neighbor has been out of a job for the past two years. e. Aditi, a high-tech engineer, just decided to quit her job in a start-up in Bangalore; she's being interviewed for a better- paid job in a multinational company. f. A man just lost his job as a public reader as education levels have increased in his village.
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