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An economy has five people: George, Sarah, Mason, Abbot, and Jin. George works for Plastics, Inc., 4 0 hours a week. Sarah works for Baker's
An economy has five people: George, Sarah, Mason, Abbot, and Jin. George works for Plastics, Inc., hours a week. Sarah works for Baker's United for hours a week and would like to move from parttime work to fulltime work. Mason has been looking for work and applying for jobs for the past six months after he finished completing his high school education. Abbot worked for Baker's United for the first six months of the year before he was fired; for the next four months Abbot sought work, but finally gave up looking for work when he realized that it was unlikely he would be able to find work in this economy. Jin is years old and is retired. In this economy the unemployment rate is
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