Sandy Has Graduated from College and Is Devoting Her Time

question 32

Multiple Choice

Sandy has graduated from college and is devoting her time to searching for a job.She has seen plenty of openings but has not yet been offered one that best suits her tastes and skills.Sandy is

• A)structurally unemployed.Structural unemployment exists even in the long run.
• B)structurally unemployed.There is no structural unemployment in the long run.
• C)frictionally unemployed.Frictional unemployment exists even in the long run.
• D)frictionally unemployed.There is no frictional unemployment in the long run.

---

Definitions:

Bounded Rationality

The concept that decision-making is limited by the information available, cognitive limitations of the mind, and the time available to make the decision.

Mental Shortcuts

Cognitive strategies or heuristics that the mind uses to make decisions or judgments quickly.

Representativeness Heuristic

A cognitive shortcut that involves making judgments based on how well something matches with stereotypes or prototypes in one's mind.

Cognitive Development

The process of growth and change in intellectual/mental abilities such as thinking, reasoning, and understanding, across the lifespan, influenced by genetics and environmental factors.