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Many economists say the economy is currently at a point of full employment. If so, which types of unemployment
could apply right now for those who are unemployed?
Structural and Frictional
Suppose a person named Karina has graduated from university and is going to graduate school (in economics of course). She currently works full time. Suppose she obtains a full scholarship for grad school but is not allowed to work so she will focus on her studies. Once she enters graduate school, she would officially be classified as which of the following?
Not in the labor force
Neither unemployed nor employed but still in the labor force