One reason for unemployment is that:
A) it takes time to match workers and jobs.
B) all jobs are identical.
C) the labour market is always in equilibrium.
D) a laid-off worker can immediately find a new job at the market wage.
Correct Answer:
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Q4: Frictional unemployment is inevitable because:
A) different sectors
Q5: Economists call the changes in the composition
Q6: A policy that decreases the job separation
Q6: If the steady-state rate of unemployment equals
Q7: In the model of the steady-state unemployment
Q7: Any policy aimed at lowering the natural
Q8: Sectoral shifts:
A)lead to wage rigidity.
B)explain the payment
Q9: If the steady-state rate of unemployment equals
Q16: If the fraction of employed workers who
Q17: When the unemployment rate is at a
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