70kelSBN c nceng-ge.com/static/ntyind.himEnbld-616461anbNodeld 2262400078deploym

Question

70kelSBN c nceng-ge.com/static/ntyind.himEnbld-616461anbNodeld 2262400078deploymentld-48 700721 MINDTAP Aplia Homework: Macroeconomic Measurements, Part I: Prices and Unemployment e Due Today at 11.59 PM EDT The components of the unemployment rate In the following table, determine what type of unemployment best describes each situsation Frictional Structural Cyclical Unemployment dlosely related Albert quit his part-time job to search full time for a job that was more to his education. Stelios worked as a mechanic, fixing machines at a local factory, but he hasn't been able to find similar work since the factory moved out of the area to take advantage of tax incentives. Sunita was laid off from the gold mine where she worked, because a recession caused a decrease in demand for metals Imagine an economy where the natural rate of unemployment is 4% and the cyclical rate of unemployment is 2%, in this economy the total rate of unemployment would be the information given.) and the frictional rate of unemployment would be . (Select 7% , the rate cannot be determined from It Now Save & C Continue wthout saving

Explanation / Answer

Frictional Unemployment because albert is looking job which matches his qualification.

Frictional Unemployment because he is unable to find matching his abilities.

Cyclical unemployment due to fall in aggregate demand.

Total unemployment = cyclical + natural = 6 .

Related Questions

Navigate

• Browse (All)
• Browse 7
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.