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Subject : macroeconomics Question 2 Indicate whether each of the following individual would be considered frictional, structural, seasonal, or cyclical unemployed and explain your answer
Subject : macroeconomics
Question 2 Indicate whether each of the following individual would be considered frictional, structural, seasonal, or cyclical unemployed and explain your answer (why?)] a) b) c) d) e) Kevin is a certified ski instructor. He is specialized in all levels of Alpine skiing and mountain skiing adventures. He only works during Wnter_ Lim has recently quit his job as a production supervisor in Hyundai and now waiting to secure a job with BMW. works as a teller in a bank in P,gtaJjog Jaya, Selangor. The bank where he works installs a network of Automatic Teller Machine (ATM). When the installation of ATM completed, he finds himself gets layoff. During an economic recession there is a rising level of unemployment because of plant closures and worker lay-offs. UK motor vehicle production has declined due to stiff competition from car manufactures from the Far East
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