11. When Karen Baker finished college, it was three months before she found a good job. During this time between graduation and her first working day, she was considered a. cyclically unemployed. b. frictionally unemployed. c. frequently unemployed. d. structurally unemployed. e. still employed. 12. Structural unemployment is the result of a. b. business cycle fluctuations. recurring changes in the hiring needs of certain industries. short-term movement of workers between jobs. job search for first-time job seekers. technological change or permanent changes in industry demand. c. d. e. 13. Which of the following is an example of cyclical unemployment? a. b. c. d. A recent college graduate still looking for her first job A car salesman who loses his job because of a recession A ski instructor who is out of work during the summer An economics journalist who just quit her writing job in order to begin a new career as a college professor next month A worker displaced from his factory job because of greater mechanization in the workplace e. 14. The natural rate of unemployment is the unemployment rate that would exist in the absence of a. structural unemployment. b. underemployment. c. cyclical unemployment. d. frictional unemployment. e. seasonal unemployment In the ATM model, if the probabilty of loss or theft decreases, then the number of days between visits to the ATM a. rises;rises b. rises;falls 15. and the quantity of money demanded c. falls:falls d. fallsrises 6. In the liquidity-preference model, an increase in people's income causes the money curve o shift a. supply;right c. demand;left d. demand right b. supply;left