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2 June, 05:20

Identify each person below as structurally, frictionally, or cyclically unemployed.

a. Jake recently lost his job as a dishwasher. Minimum-wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work.

b. Rosa is a real estate agent. House sales in her area have declined because the region has been going through a recession. She has no clients and is currently looking for a new full-time job.

c. Latasha just graduated from college and is looking for a full-time position with an investment banking firm.

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  1. 2 June, 07:11
    0
    Answer and Explanation:

    Structurally unemployed: It refers to mismatch between both the available jobs and the unemployed skills

    Frictionally unemployed: This condition occurs when the workers or labors are not employed and looking for the work

    Cyclically unemployed: It arise when where the aggregate demand for goods and services can not encourage full employment in an economy. This takes place during times of sluggish economic growth or times of economic contraction

    Based on the explanation, the classification is as follows

    a. Structurally unemployed

    b. Cyclic unemployed

    c. Frictionally unemployed
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