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

A man who retired becomes bored with retirement and begins to look for a job.  During the time he is searching for work he would be classified as      A) cyclically unemployed. B) structurally unemployed. C) frictionally unemployed. D) not unemployed because he was not working before he started looking for a job.

The Village of Lake Meyer has 250,000 people. There are 180,000 people working and 10,500 people looking for a job. Of those who are unemployed, 5,000 are structurally unemployed and 4,500 are frictionally unemployed. How many people are cyclically unemployed? A 15,000 B 10,500 C 1,000 D 9,500

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 Structural Frictional Cyclical Antonio recently lost his job as a delivery driver, Minimum-wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. о A recent recession has reduced the number of visitors to a local water park. The park has had to lay off many of its employees, including Frances. о Caroline just moved with her husband to Bismark, North Dakota. She's looking for a job as a judicial clerk. о The following table presents data on frictional, cyclical, structural, and total unemployment for an economy. Rate Unemployment Type (Percent) Frictional Cyclical 3.9 0.0 Structural 0.9 Total unemployment 4.8 True or False: This economy is not currently at its natural rate of…