Question 7 Fred lost his factory job, replaced by welding robots. He is now going to technical school to learn computer repair because he cannot find a similar job to the one he lost. Fred is: O Frictionally unemployed. O Structurally unemployed. O Cyelically unemployed. Not unemployed.

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter10: Aggregate Supply
Section: Chapter Questions
Problem 1.1P
icon
Related questions
Question
If some people who were frictionally unemployed became structurally unemployed instead, the
natural rate of unemployment:
O Would increase
O Would not change
O Would decrease
O Would be affected in an unpredictable manner
Question 7
Fred lost his factory job, replaced by welding robots. He is now going to technical school to learn
computer repaur because he cannot find a similar job to the one he lost. Fred is
O Frnctionally unemployed.
O Structurally unemployed.
O Cyclically unemployed.
Not unemployed.
Transcribed Image Text:If some people who were frictionally unemployed became structurally unemployed instead, the natural rate of unemployment: O Would increase O Would not change O Would decrease O Would be affected in an unpredictable manner Question 7 Fred lost his factory job, replaced by welding robots. He is now going to technical school to learn computer repaur because he cannot find a similar job to the one he lost. Fred is O Frnctionally unemployed. O Structurally unemployed. O Cyclically unemployed. Not unemployed.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Consumer Price Index
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
ECON MACRO
ECON MACRO
Economics
ISBN:
9781337000529
Author:
William A. McEachern
Publisher:
Cengage Learning
Exploring Economics
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Principles of Macroeconomics (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Economics
ISBN:
9781305971509
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Brief Principles of Macroeconomics (MindTap Cours…
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Macroeconomics (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Economics
ISBN:
9781285165912
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning