Which of the following statements is true?

Question

Quizplus · Accepted Answer

Frictional and structural unemployment are inherent in any economy, meaning that there will always be some level of unemployment, even in a healthy economy. Choice A is incorrect because the unemployment rate can fluctuate in the short term due to changes in economic conditions. Choice C is incorrect because there is often a time delay between a job opening and a qualified worker being hired. Finally, choice D is incorrect because unemployment generally increases during times of economic contraction and decreases during periods of economic expansion.

Which of the Following Statements Is True