In each of the following cases, classify the person as cyclically unemployed, structurally unemployed, frictionally unemployed, or
Question:
In each of the following cases, classify the person as cyclically unemployed, structurally unemployed, frictionally unemployed, or not in the labor force. Explain your answers.
a. Samuel quit his job as a bank teller to work full-time on his master’s degree.
b. Charmaine lost her job as a customer service representative when her employer outsourced the work to India.
c. Lucy just graduated from law school and is deciding which job offer she will accept.
d. Carlos got laid off from his job as a limo driver six months ago and gave up looking for a new job two months later.
e. Byron quit his teaching job in Atlanta six weeks ago to look for a higher-paying job in Miami. He is still looking for a job.
f. Arlisha lost her job as a restaurant manager due to a recession.
Step by Step Answer:
Principles of Macroeconomics
ISBN: 978-0134078809
12th edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster