Econ 315 Alex - David Jang Econ 315 Problem Set Alex 1 Unemployment If I was discussing The Macroeconomics of Penn State I could define unemployment as

Econ 315 Alex - David Jang Econ 315 Problem Set Alex 1...

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David Jang Econ 315 Problem Set Alex 1.Unemployment. If I was discussing “The Macroeconomics of Penn State,” I could define “unemployment” as the inability of a student to register for a class that he or she wishes to take. In this context, one can find examples of frictional unemployment, structural unemployment, and cyclical unemployment.a.Looking at the PSU class schedule, many class in Economics and Management are full, while most classes in Library Science and Agriculture have open spots. Which type of unemployment does this describe? b.In the California State University system, recession-indeed budget cuts have reduced the number of classes campus-wide, so that it is difficult for students to register for full schedule. Which type of unemployment does this describe?

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