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Unemployment macroeconomics; please answer all components, thanks! Part 2: Practice- Identify if the following are most likely considered frictional unemployment (FR), structural unemployment (ST), cyclical
Unemployment macroeconomics; please answer all components, thanks! 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). 7. A full-time chef quits his job to find a part-time position A newspaper delivery driver loses his job as people buy fewer newspapers _A full-time Uber driver stops driving passengers until she can buy a new car Airport security agents are laid off as a new scanning technology improves A fisherman loses his job when a recession causes a decrease in the demand for 8. 9. 10. 11. lobsters 12. A current prison inmate asks her former employer for a job if she gets out of jail early 13 A retired police officer starts looking for a job working security at a local mall _A part-time substitute teacher decides to stay at home to raise her kids 15. Explain why "full employment does not mean 0% unemployment. 14
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