Respuesta :
Eric's case is of Structural unemployment, Ginny's case is of frictional unemployment and Lucia's case is of cyclical unemployment.
An annuity due, in which installments are made at the start of each period, is the opposite of a regular annuity. Despite being connected, these two payment schedules are not identical to the financial instrument known as an annuity.
Cyclical unemployment is the amount of overall unemployment that is specifically brought on by periods of economic expansion and contraction. Typically, unemployment rises during recessions and falls during expansions.
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Complete Question:
Name the type of unemployment in the following cases:
Case 1 Eric 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.
Case 2 Ginny is a physician who has decided to relocate to California to be closer to her family. She is currently interviewing with several prestigious hospitals in the San Francisco Bay Area
Case 3 Automobile demand has fallen during a recent recession, and Lucia has been laid off from her job on the assembly line.
