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12. Name the type of unemployment occurring in each of the causes below. (a) Frank recently lost his job as the computer manufacturing company he works for recently downsized after poor sales and poor performance of the economy during the last year. Type of unemployment: (frictional, cyclical, structural ) (b) Julie just recently graduated from college and is spending the summer traveling before she begins a job with a consulting firm in the fall. Type of unemployment: (frictional, cyclical, structural ) (c) Tom recently lost his job as the steel manufacturing firm he worked for moved their plant overseas. The other steel plants in the nation have been also been following this trend. Type of unemployment: (frictional, cyclical, structural ) The full-employment or natural rate of unemployment assumes there is no C among the three types of unemployment. unemployment

12. Name the type of unemployment occurring in each of the causes below. (a) Frank recently lost his job as the computer manufacturing company he works for recently downsized after poor sales and poor performance of the economy during the last year. Type of unemployment: (frictional, cyclical, structural ) (b) Julie just recently graduated from college and is spending the summer traveling before she begins a job with a consulting firm in the fall. Type of unemployment: (frictional, cyclical, structural ) (c) Tom recently lost his job as the steel manufacturing firm he worked for moved their plant overseas. The other steel plants in the nation have been also been following this trend. Type of unemployment: (frictional, cyclical, structural ) The full-employment or natural rate of unemployment assumes there is no C among the three types of unemployment. unemployment

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter21: Unemployment
Section: Chapter Questions
Problem 29RQ: What type of unemployment (cyclical, frictional, or structural) applies to each of the following:...
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12. Name the type of unemployment occurring in each of the causes below. (a) Frank recently lost his job as the computer manufacturing company he works for recently downsized after poor sales and poor performance of the economy during the last Type of unemployment: (frictional, cyclical, structural ) year. (b) Julie just recently graduated from college and is spending the summer traveling before she begins a job with a consulting firm in the fall. Type of unemployment: (frictional , cyclical, structural) (c) Tom recently lost his job as the steel manufacturing firm he worked for moved their plant overseas. The other steel plants in the nation have been also been following this trend. Type of unemployment: (frictional , cyclical, structural ) The full-employment or natural rate of unemployment assumes there is no ( among the three types of unemployment. unemployment
Transcribed Image Text:12. Name the type of unemployment occurring in each of the causes below. (a) Frank recently lost his job as the computer manufacturing company he works for recently downsized after poor sales and poor performance of the economy during the last Type of unemployment: (frictional, cyclical, structural ) year. (b) Julie just recently graduated from college and is spending the summer traveling before she begins a job with a consulting firm in the fall. Type of unemployment: (frictional , cyclical, structural) (c) Tom recently lost his job as the steel manufacturing firm he worked for moved their plant overseas. The other steel plants in the nation have been also been following this trend. Type of unemployment: (frictional , cyclical, structural ) The full-employment or natural rate of unemployment assumes there is no ( among the three types of unemployment. unemployment
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