Frictional unemployment may be economically beneficial if it leads to a better match between worker and job.
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Q7: According to the theory of efficiency wages,
Q8: Which of the following is the correct
Q9: Cyclical unemployment refers to:
A)year-to-year fluctuations of unemployment
Q10: Efficiency wages are:
A)one explanation for the natural
Q11: Firms may find it profitable to pay
Q13: In a country with 20 million people
Q14: Students are regarded as employed in studies
Q15: Structural unemployment is associated with general downturns
Q16: The labour-force participation rate:
A)equals one minus the
Q17: Surplus labour in the market creates pressure
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