Business, 25.11.2021 14:10 heavenwagner
Classify each of the following unemployment situations as either cyclical, frictional, or structural unemployment.
a. Unemployment in Michigan increased as consumer demand for automobiles fell during the Great Recession.
b. A data-entry employee loses his job because it was permanently outsourced to India.
c. Mary graduated from college with an economics degree. She doesn’t have a job yet, but she has six interviews lined up.
d. Michael is temporarily out of work. He quit his job at Citibank to find another job as a financial analyst.
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Classify each of the following unemployment situations as either cyclical, frictional, or structural...
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