Frank has just graduated college and is looking for a job. He has a job offer but has not yet accepted the job because he is still negotiating with other companies. According to the BLS, Frank is considered: O A. Outside of the labor force. O B. Structurally unemployed. O C. Employed. O D. Frictionally unemployed.

Frank has just graduated college and is looking for a job. He has a job offer but has not yet accepted the job because he is still negotiating with other companies. According to the BLS, Frank is considered: O A. Outside of the labor force. O B. Structurally unemployed. O C. Employed. O D. Frictionally unemployed.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter10: Unemployment

Section: Chapter Questions

Problem 1QR

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Similar questions

Assess whether the following would be counted as unemployed in the Current Employment Statistics survey. A husband willingly stays home with children while his wife works. A manufacturing worker whose factory just closed down. A college student doing an unpaid summer internship. A retiree. Someone who has been out of work for two years but keeps looking for a job. Someone who has been out of work for two months but isnt looking for a job. Someone who hates her present job and is actively looking for another one. Someone who decides to take a part time job because she could not find a full time position.
If you an? out of school but working part time, are you considered employed or unemployed in U.S. labor statistics? If you are a full time student and working 12 hours a week at the college cafeteria are you considered employed or not in the labor force? If you are a senior citizen who is collecting social security and a pension and working as a greater at Wal-Mart are you considered employed or not in the labor force?
What happens to the labor force participation rate when employed individuals are reclassified as unemployed? What happens when they are reclassified as discouraged workers?
What is frictional unemployment? Give examples of frictional unemployment.