Classify the following as frictionally unemployed, structurally unemployed or cyclically unemployed.   a. Fred finished his CDL training at Lehigh Career Technical Institute and spent three weeks looking for a job driving a truck.   b. Lisa Shneck, a private secretary was laid off from a law firm as her technical skills become obsolete.   c. Fred Myer was laid off from the K&K construction company during 2008-09 recession.   d. Mike Tyson is fired from Smuckers Company because he is being replaced by the robotic bottling units.   e. Bob Wilson recently graduated from the Department of Business at DeSales University and is looking for a Manager position in Lehigh Valley

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20. The economy is fully employed when there is no: cyclical unemployment seasonal unemployment structural unemployment frictional unemployment

Decoding 'Natural' Rate of Unemployment Unemployment is a normal feature of our economy and the Congressional Budget Office believes the "natural" unemployment rate increased from 5 percent in 2007 to 6 percent in 2012. Source: Wall Street Journal, September 7, 2012 Provide some reasons why the natural unemployment rate might have increased. The natural unemployment rate might have increased because of A. an increase in the minimum wage and an increase in the number of firms paying an efficiency wage B. an increase in cyclical unemployment during the 2008-2009 recession C. fewer people receiving unemployment benefits D. a decrease in frictional and structural unemployment