
Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026
Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026 Exercise 5
Say whether each of the following is more likely to be a case of frictional, structural, or cyclical unemployment.
a) You graduate from college, and it takes you a month to find a job.
b) A furniture maker closes a factory in North Carolina and moves production to China. The laid-off factory workers have trouble finding new jobs because other furniture companies are doing the same thing.
c) A slowdown in sales causes the local department store to lay off workers.
d) There are plenty of "want" ads for nurses but few for factory workers.
a) You graduate from college, and it takes you a month to find a job.
b) A furniture maker closes a factory in North Carolina and moves production to China. The laid-off factory workers have trouble finding new jobs because other furniture companies are doing the same thing.
c) A slowdown in sales causes the local department store to lay off workers.
d) There are plenty of "want" ads for nurses but few for factory workers.
Explanation
Unemployment
It is the measure of ups a...
Economics: The Basics 1st Edition by Mike Mandel
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