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. ,..-.....-l I I I up ur- lull-Bl I z 3. Types of unemployment The three people described In the following table are categorized as

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. ,..-.....-l I I I \"up ur- "lull-Bl I z 3. Types of unemployment The three people described In the following table are categorized as unemployed by the Bureau of Labor Statistics. Identify each person ln the table as structurally, fdctlonaily, or cyclically unemployed. Unemployment Type Structural Frictional Cyclical Q A recent recession has reduced the number of visitors to a local theme park. The park has had to lay off many of its employees, including Marla. Hilary just moved with her husband to Portland,'0regon. She's looking for a job as a paralegal. Edison left his job as a plumber when his wife took a position in another region. The quantity of plumbing services demanded is considerably lower in the new region, in Q Q ' 0 part because of high union-negotiated wages. He would like to work at the high union wage but remains unemployed due to a lack of plumbing jobs. The following table shows data on frictional, cyclical, structural, and total unemployment for an economy. Rate U nempioyment Type (Percent) Frictional 3.6 Cyclical 0 .0 Structural 1. 1 Total unemployment 4.7 True or False: ThIS economy is not currently at its natural rate of unemployment. O True 0 False Continue without saving

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