In February 2020 the number of unemployed in the U.S. was 5.8 million and the unemployment rate was 3.5%. The vast majority of the people who were then unemployed A.were experiencing structural unemployment arising from a mismatch between skills and job requirements. B.were experiencing cyclical unemployment due to a slowdown in economic activity. C.were experiencing structural unemployment which is a type of unemployment very difficult to resolve without government intervention. D.were experiencing either cyclical or structural unemployment. E.were experiencing either frictional or structural unemployment, but not cyclical unemployment.

Given that there existed unemployment in Feb 2020 and there were vast majority of people who remain…

Answered: In February 2020 the number of…

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 7P

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In February 2020 the number of unemployed in the U.S. was 5.8 million and the unemployment rate was 3.5%. The vast majority of the people who were then unemployed

	A.	were experiencing structural unemployment arising from a mismatch between skills and job requirements.
	B.	were experiencing cyclical unemployment due to a slowdown in economic activity.
	C.	were experiencing structural unemployment which is a type of unemployment very difficult to resolve without government intervention.
	D.	were experiencing either cyclical or structural unemployment.
	E.	were experiencing either frictional or structural unemployment, but not cyclical unemployment.

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