Homework Answers
Answer
Option A
structurally unemployed.
The supervisor is unemployed because of a change in the location of the company so he is structurally unemployed.
If the supervisor is left the job to search the next then it is frictional unemployed
and if the job losses because of the slowdown in the economy then it is cyclically unemployed.
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In June there are 30,000 people classified as unemployed and the size of the labor force is 600,000. The only change between June a July is that 10,000 of the unemployed give up looking for work. Which of the following is true? A) In June the unemployment rate was 6% and in July the unemployment rate was 3.8% B) The unemployment rate in both June and July was 5%. C) In June the unemployment rate was 5% and in July...
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