Business, 13.10.2020 03:01 gabby77778

In the following table, determine what type of unemployment best describes each situation. Harry quit his part-time job to search full time for a job that was more Frictional unemployment closely related to his education. Anthony was laid off as a teacher because of government budget cuts Structural unemployment made necessary by a fall in tax revenues caused by a recession. Mike worked as a mechanic, fixing machines at a local factory, but he hasn't been able to find similar work since the factory moved out of the area to take advantage of tax incentives. a. Cyclical unemployment b. Structural unemploymentc. Frictional unemployment Imagine an economy where the natural rate of unemployment is 4% and the frictional rate of unemployment is 2%. In this economy the structural rate of unemployment would be and the total rate of unemployment would.

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In the following table, determine what type of unemployment best describes each situation. Harry qui...