4. Categorize each of the following sets of circumstances as frictional, structural, or cyclical unemployment. a) Sanjit,

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4. Categorize each of the following sets of circumstances as frictional, structural, or cyclical unemployment.

a) Sanjit, a pulp-mill worker, is laid off because the mill’s inventories are at an all-time high.

b) Five weeks ago, Alison left a job she did not like and is still looking for another job.

c) Ian was a fisher on the East Coast but sold his boat after years of hard work with little return. He has been unemployed for almost a year.

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Principles Of Macroeconomics

ISBN: 9780226818399

8th Edition

Authors: Sayre, J.E.; Morris, A.J.

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