Which of the following is an example of cyclical unemployment? OA. Workers at ski resorts in Colorado are laid off during the summer. OB. Due to technological change, typewriter workers lose jobs and must retrain to find jobs in other industries OC. In an economic downturn, a manufacturing plant reduces production and temporarily lays off workers. OD. A student graduates from college and searches for a first 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

Which of the following people would be considered frictionally unemployed? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a A member of Congress after their term ends and they are not re-elected b A high school student who stops working a summer job because of school starting C A taxi driver who loses their job because of the increasing popularity of Uber. d A person laid off from his job

of the people described below, who would be counted as unemployed? Choose one or more: A a 55-year-old steel worker who was laid off 18 months ago and has given up trying to find a job OB. a 17-year-old single parent who has just been laid off and is looking for a new job OC. a second lieutenant in the U.S. Army DD. a full-time college student who plans to look for a job after graduation OE. bin able-bodied 53-year-old who took an early retirement package from her employer OF. a newly graduated Ph.D. who could not find a teaching job and is driving a taxi DG. a student who quit college to look for a modeling job in New York

Types of Unemployment Label the below statements with one of the following types of unemployment: Frictional Seasonal Cyclical Structural 1. 2. 3. 4. A nurse was not satisfied with her job in a hospital so she left the job to find a new job in a health clinic. Fred Flintstone was laid off from the Quarry because the nation is suffering from a recession. Cical A factory lays workers off from producing CDs due to demand changes to MP3 systems. Ronald McDonald, who just graduated from Clown School, is looking to find his first real job. Frictional 5. Every winter, brick layers in the north have no work. 6. Scooby Doo is looking for a job during the winter since Kings Island is closed until spring. Sea 7. Since graduating from law school, a woman waits to interview several firms before selecting a new job. 8. Paul Bunyan lost his job as a lumberjack because the timber company he works for decided to just buy chainsaws. Structural 9. An apple picker only finds work during the harvest…

. Can you do anything to reduce the number of people in the following categories? If so, what?                 a. Frictionally unemployed                 b. Structurally unemployed                 c. Cyclically unemployed

Consider a perfectly competitive industry composed of identical firms. All firms have the following long run total cost: Output, q 1 3 4 5 6. 7 8 9. 10 Total Cost, TC 20 36 48 56 60 66 70 88 117 140 The long run equilibrium output of the firm is equal to units. 6 8. Insufficient information

An example of a frictionally unemployed individual is   a. Rod, the lifeguard, who cannot find a job because the temperature is too low in October   b. Ileana, a college student who quits her job to return to school   c. Steve, an individual does not have skills to keep his job as an aerospace engineer   d. Samantha, who quits her job to look for a better one   e. Sylvia, who quit her job to spend more time with her children

The following scenarios have been taken from actual answers to the Current Population Survey conducted by the Bureau of Labor Statistics. In each case classify the individual as either employed, unemployed, or not in the labor force. 1. Veronica attends Neptune Nigh School full-time. She also works part-time for pay at the North Star Cafe after school.

Suppose that when college students look for a part-time job, it takes on average 2 weeks to find one. After one finds a job, it typically lasts 14 weeks. a. Calculate the rate of job finding and the rate of job separation in weeks for college students. b. What is the natural rate of unemployment for college students?