Q5. Which of the following situations correspond to cyclical unemployment, structural unemployment, frictional unemployment and exit from the labor force, and why? a. Some of your friends just graduated from college and have 7.2 been looking for jobs for the past five weeks. b. Christine lost her job as a biologist at a biotech company when the whole industry went into recession. c. Gerhard, who used to be a taxi driver, stopped looking for a job three months after he lost his job.
Q5. Which of the following situations correspond to cyclical unemployment, structural unemployment, frictional unemployment and exit from the labor force, and why? a. Some of your friends just graduated from college and have 7.2 been looking for jobs for the past five weeks. b. Christine lost her job as a biologist at a biotech company when the whole industry went into recession. c. Gerhard, who used to be a taxi driver, stopped looking for a job three months after he lost his job.
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter20: Unemployment
Section: Chapter Questions
Problem 6PA
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