Bill is a high-school dropout who lost his job in a fast food restaurant when the economy plunged into a recession. After 8 months, Bill is still looking for work. He is an example of
A) frictional unemployment.
B) structural unemployment.
C) cyclical unemployment.
D) the natural unemployment rate.
C
Economics
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In the table below are statistics showing the labor force and total employment in month 1 and month 2 of the same year. Make the computations necessary to complete the table. (Number of persons is in thousands.)
Economics
A move from K to L represents a
A. change in quantity supplied.
B. change in supply.
C. increase in supply.
D. decrease in supply.
Economics