Multiple Choice
What is meant by frictional unemployment?
A) Unemployment that is caused by the fact that it takes time for people to find their first job or to move between jobs.
B) Unemployment which results from structural changes in an economy's industries.
C) Unemployment that occurs as a result of the recessionary phase of the business cycle.
D) Unemployment that occurs because people do not think that there are any jobs available.
Correct Answer:
Verified
Correct Answer:
Verified
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