Unemployment Identify each person as structurally, frictionally, or cyclically u
ID: 1141041 • Letter: U
Question
Unemployment Identify each person as structurally, frictionally, or cyclically unemployed; or as employed. 35. Megan 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. a. Structurally b. Frictionally c. Cyclically d. Employed 36. Larry left his job as a plumber when his wife took a position in another region. The quantity of plumbing services demanded is considerably lower in the new region, in part because of high, union-negotiated wages. He would like to work at the high union wage but remains unemployed due to a lack of plumbing jobs. a. Structurally b. Frictionally c. Cyclically d. Employed 37. A recession has reduced the number of visitors to a local theme park. The park has had to lay off many of its employees, including Susan. a. Structurally b. Frictionally c. Cyclically d. Employed 38. Jackie works part-time at a local store, while volunteering to prepare taxes for low-income families and continuing to look for work as a corporate payroll manager. a. Structurally b. Frictionally c. Cyclically d. EmployedExplanation / Answer
35. Megan is Frictionally unemployed. Frictional unemployment occurs when a worker moves between jobs and it is the unemployment that occurs from workers spending time looking for a job.
36. Larry is structurally unemployed because Larry is unemployed due to decrease in demand for labor which is the result of high union wage rates. But Larry wants to work at that high wage rate, so he is unemployed.
37. Susan is cyclically unemployed, because the unemployment is the result of cyclical trends in production that occurs within the business cycle.
38. Jackie is employed because he is a part time worker at a local store.
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