3 unk to Publisher Materials-xMndTap-Cengage Learning C Chegg Study 1 Quided Sob

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3 unk to Publisher Materials-xMndTap-Cengage Learning C Chegg Study 1 Quided Sobutie e Secure https:/ing.cengage.com/static/nb/ui/ewolindex.htmi?deploymentid 55725919015819705534195425&eISBN-978130; L33 Link to Publisher Materials-2x 'G chegg study l Guded Solutio.. x MINDTAP Brum Cengage Aplia Homework: Unemployment and Inflation 3. Types of unemployment 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 cyclicaly unemployed Unemployment Type Automobile demand has falen during a recent recession, and Sharon has been laid off from her job on the assembly line Lucia is a physician who has decided to relocate to California to be closer to her family. She is currently interviewing with several prestigious hospitais in the San Francisco Bay Area Kenji recently lost his job as a waiter at a local restaurant. A recent increase in the minimum wage keeps ocal employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. He continues to look for a job, but he's considering going back to school for vocational structural Prictional Cyclical The following table shows data on frictional, cyclical, structural, and total unemployment for an economy. Rate Unemployment Type (Percent) Frictional 1.0 0.0 3.2 4.2 Total unemployment True or False: This economy is currently at its natural rate of unemployment. esc 2 3 4 5

Explanation / Answer

yes, the economy is at the natural rate of unemployment as the cyclical unemployment is zero.

Sharon: structural unemployment

Lucia: frictional unemployment

Kenji :structural unemployment

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