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Solve clearly Identify each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Structural Frictional Cyclical Janet is a physician who has

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Identify each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Structural Frictional Cyclical Janet is a physician who has decided to relocate to California to be closer to her family. She is currently O O interviewing with several prestigious hospitals in the San Francisco Bay Area. Megan is a real estate agent. House sales in her area have declined because the region has been going O O through a recession. She has no clients and is currently looking for a new full-time job. Felix recently lost his job as a dishwasher. Minimum-wage legislation keeps employers from adding more of O O O the low-skill positions for which he qualifies, so he has been unable to find work. The following table shows data on frictional, cyclical, structural, and total unemployment for an economy. Rate Unemployment Type (Percent) Frictional 3.7 Cyclical 0.0 Structural 0.9 Total unemployment 4.6 True or False: This economy is currently at its natural rate of unemployment. O True O False

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