Structural unemployment exists because workers and employers try to find the right employment matches

Frictional unemployment occurs when: a. a recent graduate is searching for his first job

b. a ski instructor is looking for a part-time job during summer. c. an engineer is looking for a new job after a recession. d. a stenographer is looking for a new job as his skills have become obsolete in the current labor market.

If the U.S. real exchange rate appreciates, U.S. exports

a. increase and U.S. imports decrease. b. decrease and U.S. imports increase. c. and U.S. imports both increase. d. and U.S. imports both decrease.