In each of the following cases, classify the person as cyclically, structurally or frictionally unemployed, or out of the labor force. Explain your answers: A.Samuel quit his job at the bank to get an MBA B.Lucy just graduated and is deciding which of the two job offers she will accept C.Carlos got laid off from his job as a truck driver six months and is still looking for a job D.Alice lost her job as a restaurant manager in the recession of 2009 and decided to retire
In each of the following cases, classify the person as cyclically, structurally or frictionally unemployed, or out of the labor force. Explain your answers: A.Samuel quit his job at the bank to get an MBA B.Lucy just graduated and is deciding which of the two job offers she will accept C.Carlos got laid off from his job as a truck driver six months and is still looking for a job D.Alice lost her job as a restaurant manager in the recession of 2009 and decided to retire
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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In each of the following cases, classify the person as cyclically, structurally or frictionally
A.Samuel quit his job at the bank to get an MBA
B.Lucy just graduated and is deciding which of the two job offers she will accept
C.Carlos got laid off from his job as a truck driver six months and is still looking for a job
D.Alice lost her job as a restaurant manager in the recession of 2009 and decided to retire
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