CategoryPopulationNumber of unemployedNumber of structural unemployedNumber of employedNumber of frictional unemployedNumber8,0005001505800350According to the data above, cyclical unemployment isO A, 0%ÒB.Ò B. 2.38%5.55%OC.6.25%O D.

The unemployed is the number of people which would result in the number of people unemployed to the…

Answered: According to the data above, cyclical…

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According to the data above, cyclical unemployment is 0% O A. Ò B. 2.38% OC. O C. 5.55% 6.25% O D.

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 26RQ: What is frictional unemployment? Give examples of frictional unemployment.

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Question

Category
Population
Number of unemployed
Number of structural unemployed
Number of employed
Number of frictional unemployed
Number
8,000
500
150
5800
350
According to the data above, cyclical unemployment is
O A, 0%
ÒB.
Ò B. 2.38%
5.55%
OC.
6.25%
O D.

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