Question
Part 2: Practice- I dentify if the following are most likely considered frictional unemployment (FR), structural unemployment (ST), cyclical unemployment (CY), or not counted in
Part 2: Practice- Identify if the following are most likely considered frictional unemployment (FR), structural unemployment (ST), cyclical unemployment (CY), or not counted in the labor force (NC).
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8._____ A full-time chef quits his job to find a part-time position
9._____ A newspaper delivery driver loses his job as people buy fewer newspapers.
10._____ A full-time Uber driver stops driving passengers until she can buy a new car.
11._____ Airport security agents are laid off as new scanning technology improves.
12._____ A fisherman loses his job when a recession causes a decrease in the demand for lobsters.
13._____ A current prison inmate asks her former employer for a job if she gets out of jail early.
14._____ A retired police officer starts looking for a job working security at a local mall.
15._____ A part-time substitute teacher decides to stay at home to raise her kids.
Part 3: Stretch Your Thinking- Answer the question.
16.Explain why "full-employment" does not mean 0% unemployment.
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