7. For each of the following scenarios, state whether the unemployment is frictional, structural, or cyclical. Justify your answer. (LO4) a. Ted lost his job when the steel mill closed down. He lacks the skills to work in another industry and so has been unemployed over a year. b. Alice was laid off from her job at the auto plant because the recession reduced the demand for cars. She expects to get her job back when the economy picks up. c. Tao looked for a job for six weeks after finishing college. He turned down a couple of offers because they didn’t let him use the skills he had acquired in college, but is now about to accept a job in the area that he trained for