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. Carl just graduated from college five weeks ago and has been looking for a job.
b. Christine lost her job as a biologist at a biotech company due to recession.
c. Gerhard got laid off from his job as a taxi driver and gave up looking for a new job three months later.
d. Dirk is a craftsman of handmade cotton dolls. Since all kids now want plastic dolls, he has been out of a job for the past two years.
e. Aditee quit her job as a hi-tech engineer at a start-up firm in Bangalore. She is scheduled for an interview with a multinational company for a higher-paying job in Pune.
f. Lennon got laid off from his job as a public reader as the level of education has risen in his village.
Step by Step Answer:
Principles Of Macroeconomics
ISBN: 9781292303826
13th Global Edition
Authors: Karl E. Case,Ray C. Fair , Sharon E. Oster