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The type of unemployment most likely to result in hardship for the people who are unemployed is:

A) cyclical because people have to wait for a recession to end.

B) structural because this type of unemployment requires retraining to acquire new job skills.

C) cyclical and frictional because these two types are closely related.

D) frictional because people need to find a new job in the lab market.  

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Lelia Lubowitz
Lelia LubowitzLv2
1 Apr 2020

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Related questions

Unemployment and its types, and the Natural Rate of Unemployment.

1) Frictional unemployment is the result of

A) an economic recession.

B) the economic decline of major industries.

C) the normal process of jobs being created and destroyed.

D) people not getting along (having friction) with their employers.

E) changing weather throughout the year.

2) Bill has graduated with his degree in economics. Through Career Services he submitted his resume to several companies and he will visit them during the next two weeks. Bill is considered

A) not in the labor force.

B) frictionally unemployed.

C) structurally unemployed.

D) cyclically unemployed.

E) employed because he is visiting firms.

3) Structural unemployment includes people who become unemployed from

A) changes in the seasons.

B) normal changes in the labor force.

C) technological changes.

D) changes in the business cycle.

E) going back to school.

4) An employee who is fired from his or her job because he or she lacks the skills required to accomplish the task, is part of ________ unemployment.

A) frictional

B) cyclical

C) unskilled

D) structural

E) withdrawal

 

5) How would you best describe a manufacturing employee who has been fired because he was replaced by a robot (new technology) and does not have the skills necessary to help operate the robot?

A) job leaver

B) entrant/reentrant

C) cyclically unemployed

D) structurally unemployed

E) withdrawal

6) Seasonal unemployment includes people who become unemployed from

A) the seasonal weather patterns.

B) normal changes in the labor force.

C) technological changes.

D) changes in the business cycle.

E) changes in international competition.

7) Cyclical unemployment includes people who become unemployed from

A) changes in the seasons.

B) changes in international competition.

C) technological changes.

D) changes in the business cycle.

E) normal labor market turnover.

 

8) The type of unemployment that arises from a decrease in real GDP is called

A) frictional unemployment.

B) structural unemployment.

C) seasonal unemployment.

D) cyclical unemployment.

E) downturn unemployment.

9) John has been laid off from his job because of a general downturn in the economy. John's unemployment is best classified as

A) cyclical.

B) seasonal.

C) structural.

D) frictional.

E) avoidable.

 

 

10) Full employment means that

A) 100 percent of the labor force have jobs.

B) only those who are willing, able and looking for work are unemployed.

C) the cyclical unemployment rate is zero.

D) the natural unemployment rate is zero.

E) the frictional unemployment rate is zero.

 

11) The natural unemployment rate is the unemployment rate that exists when there is no

A) structural unemployment.

B) frictional unemployment.

C) cyclical unemployment.

D) cyclical or structural unemployment.

E) seasonal unemployment.

12) The natural unemployment rate equals the sum of

A) cyclical and frictional unemployment.

B) cyclical, seasonal, and structural unemployment.

C) frictional, seasonal, and structural unemployment.

D) seasonal and cyclical unemployment.

E) cyclical, frictional, seasonal, and structural unemployment.

 

Identify the type of unemployment in each of the following situations.

SITUATION

TYPE OF UNEMPLOYMENT

Jorge, a brilliant new Ph.D. in economics, has turned down many job offers because he hopes to teach at one of the top ten universities in his field.

FRICTIONAL

We are in a recession and the unemployment rate is high. A dental hygienist is laid off by the group of dentists she works for because people are delaying dental cleanings.

CYCLICAL

Lucille (now age 54) lost her job as a legal transcriptionist during the recession. Voice-activated transcription has become the industry standard and she will not be rehired. She has very specialized skills that are no longer in demand in her area.

STRUCTURAL

Judy thought she was treated unfairly by her boss, so she stormed off the job.

STRUCTURAL

Lynda is let go after her employer experienced a decline in business.

CYCLICAL

A person prepares taxes for H&R Block. After April, he/she is let go.

SEASONAL


This is what I got but it says I got 0 out of 3 points.

During the course of a year, the labor force consists of the same 1054 people. Of​ these, 21 lack skills that employers desire and hence remain unemployed throughout the year. At the same​ time, every month during the​ year, 25 different people become unemployed, and 25 other different people who were unemployed find jobs. There is no cyclical unemployment.

a. Calculate the frictional unemployment rate. (Enter your response as a percentage rounded to two decimal places).

b. Calculate the unemployment rate. (Enter your response as a percentage rounded to two decimal places)

c. Suppose that a system of unemployment compensation is established. Each month, 25 new people (not including the 21 lacking required skills) continue to become unemployed, but each monthly group of newly unemployed now takes two months to find a job. Calculate the frictional unemployment rate after this change. (Enter your response as a percentage rounded to two decimal places).

d. After the change discussed in part calculate the unemployment rate. (Enter your response as a percentage rounded to two decimal places).

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