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The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics. Identify each person in the table as

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The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics. Identify each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Structural Frictional Cyclical Beth is a real estate agent. House sales in her area have declined because the region has been going O O O through a recession. She has no clients and is currently looking for a new full-time job. Sam 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 part because of high union-negotiated O O O wages. He would like to work at the high union wage but remains unemployed due to a lack of plumbing jobs. Teresa is a physician who has decided to relocate to California to be closer to her family. She is currently O O O interviewing with several prestigious hospitals in the San Francisco Bay Area. The following table shows data on frictional, cyclical, structural, and total unemployment for an economy. Rate Unemployment Type (Percent) Frictional 2.8 Cyclical 0.0 Structural 1.1 Total unemployment 3.9 True or False: This economy is currently at its natural rate of unemployment. O True O False

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